S&P 500 Gains and Losses Today: Government Contractors Lose Ground, Tapestry Rises

Key TakeawaysThe S&P 500 slipped 0.6% on Thursday, Nov. 14, 2024, as hotter-than-expected wholesale inflation data raised doubts about future interest-rate cuts.Shares of Leidos and Amentum moved lower amid an uncertain outlook and challenging competitive environment for government contractors.Tapestry shares surged after the Coach and Kate Spade parent called off its planned merger with fellow luxury brand holding company Capri. Major U.S. equities indexes slipped on Thursday as the latest Producer Price I ...