Stocks turn negative after S&P 500 briefly crosses 5,500 level | June 20, 2024

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The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) slipped into red territory on Thursday, reversing earlier morning gains.

Both indexes opened the session higher with the S&P 500 briefly crossing the 5,500 level. By 12:50 p.m. ET the broader benchmark was down nearly 0.2% while the tech-heavy Nasdaq declined 0.5%.

The Dow Jones Industrial Average (^DJI) still clung onto gains as Salesforce (CRM) and ExxonMobil (XOM) led the blue chip index up 0.4%.

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