Stock Market Today: S&P 500 Slips 0.38% as Nasdaq Falls 0.74%
The S&P 500 closed at 7,520.93, down 0.38%, as Information Technology fell 1.15% and the Nasdaq Composite dropped 0.74%.
- S&P 500 fell 0.38% to 7,520.93.
- Information Technology dropped 1.15%, with 118 decliners against 77 advancers.
- Breadth was negative: 849 decliners versus 640 advancers in the S&P Composite 1500.
Major indexes
The S&P 500 closed at 7,520.93, down 29.01 points or 0.38%. The Nasdaq Composite fell 0.74% to 25,065.88, the Dow Jones Industrial Average slipped 0.30% to 52,231.89, and the Russell 2000 declined 0.68% to 2,821.38. Year to date, the S&P 500 is up 9.87%, the Nasdaq Composite 7.85%, the Dow 8.67%, and the Russell 2000 13.68%.
Sectors
Information Technology was the weakest sector, down 1.15%, with 77 advancers and 118 decliners. Financials rose 0.52% and Energy gained 0.44%, while Communication Services rose 0.37% and Health Care added 0.29%. Consumer Discretionary edged up 0.03%, while Industrials (-0.09%), Real Estate (-0.13%), Utilities (-0.14%) and Materials (-0.17%) finished lower.
Breadth, volatility, rates and commodities
Within the S&P Composite 1500, 640 stocks advanced and 849 declined. New 52-week highs totaled 30 and new lows totaled 23, and 61.00% of the index sat above its 50-day moving average versus 55.00% above its 200-day. The VIX fell 2.31% to 19.46, while the 10-year Treasury yield rose 2.45% to 4.98%. WTI crude slipped 0.47% to $86.44, gold fell 1.80% to $4,040.50, and bitcoin dropped 1.91% to $73,788.37.
Notable movers
AAON jumped 19.31% to $75.01 on 3.67 times its normal volume, and Acadia Pharmaceuticals rose 10.79%. Charter Communications gained 10.61% to $134.06, and Take-Two Interactive climbed 8.31% to $224.64. On the downside, Hims & Hers Health sank 16.61% to $19.13 on 4.71 times normal volume, Novanta fell 15.26%, Qualys dropped 13.51%, and Sunrun lost 10.57%. The data does not give reasons for these moves. Nvidia fell 5.47% to $168.89 and was the most active stock by dollar volume.
Filings in focus
Archrock agreed to acquire HiVolt Energy for $415 million in cash plus up to $35 million in earnout payments. MaxCyte will buy Akron Bio for $151.8 million in cash and stock, and InMed completed its merger with Mentari, which is now Mentari Therapeutics, Inc. GoPro delayed its Q3 10-Q and reported preliminary revenue of about $96 million versus $163 million a year earlier. NextNRG will be suspended from Nasdaq on Nov. 11 after a panel denied its listing appeal.
On deck for Wednesday, Nov. 11
Several companies report earnings on Nov. 11 after the close, including Vylor (estimated EPS of -0.44), Tetra Tech (0.47), Corteva (0.09), EnerSys (3.19), Digi International (0.67) and EZCORP (0.40). Bio-Techne is also expected to report with an estimated EPS of 0.40, though its timing is not available.
Written with AI from the closing data in the tables on this page; every figure in the text was checked against that data before publishing. Prices are end-of-day. Not investment advice.