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Tech Stocks Lead Major Averages Higher, S&P 500 Up 0.89%
The major averages finished broadly higher as technology shares led gains ahead of a stretch of earnings from some of the market's largest companies.The focus this week is on corporate earnings, with Alphabet, Tesla, IBM and Intel all set to report in the coming days. Investors are looking for signs that spending on artificial intelligence continues to translate into revenue growth and profitability after recent volatility in chip stocks raised questions about lofty valuations across the sector.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:General Motorsreportedand raised its FY26 adjusted earnings guidance3Mprovided areport for Q2Hasbroalso provided areport for Q2Novo Nordiskis suing Eli LillyoverIntersnack GroupUtz Brandsfor $14.25 per share in cash2. WALL STREET CALLS:Adobeto Underweight at Morgan StanleyFive Belowto Outperform at BernsteinSalesforceto Equal Weight at Morgan StanleyRalph Laurento Outperform at Raymond JamesShopifyto Neutral at Rothschild & Co Redburn3. AROUND THE WEB:A federal judge has upheld a $634M jury verdict against Applefor infringing Masimopatents related to Apple Watch heart rate monitoring technology, Bloomberg reportsOraclemay have to face over $7B in collateral requirements after Wisconsin's power regulator tightened credit requirements, FT reportsInteltold Business Insider that it is planning layoffs within its data center groupTSMCplans to raise chipmaking prices by up to 10% from 2027 to offset rising costs for materials, manufacturing equipment and overseas plant construction, Nikkei Asia reportsTencentis in talks to acquire SuperPlay in a deal valuing the Israeli game developer at $1B-$1.5B, CTech says4. MOVERS:Forward Airhigher afterwith one of its largest customersMerlinincreases after Northlandcoverage of the stock with an Outperform ratingCoinbasegains after U.S. Treasury Secretary Scott Bessentthat the Digital Asset Market Clarity Act is nearing approval in the U.S. SenateTwenty One Capitallower after announcing CEO Jack MallersEquifaxfalls afterand raising its guidance for FY265. EARNINGS/GUIDANCE:D.R. Horton, with EPS and revenue beating consensusPeoples Bancorp, with CEO Tyler Wilcox "pleased with the results"Danaher, provided guidance for Q3 and FY26, and raised its outlook for FY26Novartis, with CEO Vas Narasimhan calling it "a solid second quarter"Calixand provided guidance for Q3 and FY26INDEXES:The Dow rose 385.38, or 0.74%, to 52,224.64, the Nasdaq gained 329.13, or 1.29%, to 25,837.21, and the S&P 500 advanced 65.92, or 0.89%, to 7,509.20.
Major Averages Broadly Higher as Tech Stocks Lead Gains
The major averages were broadly higher as stocks attempt to build on Monday's rebound, with technology shares leading gains ahead of a stretch of earnings from some of the market's largest companies.The focus this week is on corporate earnings, with Alphabet, Tesla, IBM and Intel all set to report in the coming days. Investors are looking for signs that spending on artificial intelligence continues to translate into revenue growth and profitability after recent volatility in chip stocks raised questions about lofty valuations across the sector.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:General Motorsreportedand raised its FY26 adjusted earnings guidance3Mprovided areport for Q2Hasbroalso provided areport for Q2Novo Nordiskis suing Eli LillyoverIntersnack GroupUtz Brandsfor $14.25 per share in cash2. WALL STREET CALLS:Adobeto Underweight at Morgan StanleyFive Belowto Outperform at BernsteinSalesforceto Equal Weight at Morgan StanleyRalph Laurento Outperform at Raymond JamesShopifyto Neutral at Rothschild & Co Redburn3. AROUND THE WEB:ESPNChairman Jimmy Pitaro sent a staff memo Tuesday explaining why the company is conducting a new round of layoffs - and where the cuts will come, Business Insider reportsOraclemay have to face over $7B in collateral requirements after Wisconsin's power regulator tightened credit requirements, FT reportsInteltold Business Insider that it is planning layoffs within its data center groupTSMCplans to raise chipmaking prices by up to 10% from 2027 to offset rising costs for materials, manufacturing equipment and overseas plant construction, Nikkei Asia reportsTencentis in talks to acquire SuperPlay in a deal valuing the Israeli game developer at $1B-$1.5B, CTech says4. MOVERS:Forward Airhigher after providing awith one of its largest customersMerlinincreases after Northlandof the stock with an Outperform ratingCoinbasegains after U.S. Treasury Secretary Scott Bessent suggested that the Digital Asset Market Clarity Act isin the U.S. SenateTwenty One Capitallower afterannouncing CEOJack MallersEquifaxfalls afterand raising its guidance for FY265. EARNINGS/GUIDANCE:D.R. Horton, with EPS and revenue beating consensusPeoples Bancorp, with CEO Tyler Wilcox "pleased with the results"Danaher, provided guidance for Q3 and FY26, and raised its outlook for FY26Novartis, with CEO Vas Narasimhan calling it "a solid second quarter"Calixand provided guidance for Q3 and FY26INDEXES:Near midday, the Dow was up 0.73%, or 378.42, to 52,217.68, the Nasdaq was up 1.31%, or 335.09, to 25,843.17, and the S&P 500 was up 0.81%, or 60.55, to 7,503.83.
Stock Futures Rise as Tech Shares Lead Gains
Stock futures are pointing higher as investors attempt to build on Monday's rebound, with technology shares leading premarket gains ahead of a stretch of earnings from some of the market's largest companies.The focus this week is on corporate earnings, with Alphabet, Tesla, IBM and Intel all set to report in the coming days. Investors are looking for signs that spending on artificial intelligence continues to translate into revenue growth and profitability after recent volatility in chip stocks raised questions about lofty valuations across the sector.Hopes for a potential ceasefire proposal between the United States and Iran have eased some pressure on oil prices, improving risk appetite, but Brent crude remains near $90 a barrel as uncertainty persists and renewed threats to shipping routes in the Middle East keep energy markets on edge.In pre-market trading, S&P 500 futures rose 0.40%, Nasdaq futures rose 1.36% and Dow futures rose 0.24%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Nebiusup 6% after Nvidiadisclosed a 9.3% stake in the companyTSMCup 3% after Nikkei AsiaTSMC plans to raise chipmaking prices by up to 10% from 2027 to offset rising costsUP AFTER EARNINGS -3M (MMM) up 5%Novartisup 2%General Motorsup 1%D.R. Hortonup 1%Synchronyup 1%DOWN AFTER EARNINGS -Equifaxdown 13%Calixdown 11%Danaherdown 10%Northrop Grummandown 4%Charles Schwabdown 3%Steel Dynamicsdown 1%LOWER -Agios Pharmaceuticalsdown 14% after announcing it has decided not to advance tebapivat in sickle cell disease following trial results
Trump Asks OpenAI to Stagger AI Model Release
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Trump with this daily recap compiled by The Fly:OPENAI ASKED TO STAGGER RELEASE:The Trump administration has asked OpenAI to stagger the release of its AI model so organizations can first be vetted by the government before receiving access to the tool, George Hammond and Joe Miller of The Financial Times reports. OpenAI currently plans to give two dozen partners access to GPT 5.6, the company's latest AI model, ahead of a broader rollout, but these partners would need to be approved by the government, multiple people with knowledge of the matter told the Times.HOUSING BILL SIGNING CANCELED:On Wednesday, President Donald Trump stated in a post to Truth Social: "Today's Housing News Conference and Signing is hereby cancelled until such time as we pass the desperately needed SAVE AMERICA ACT, which I consider to be a National Emergency. Thank you for your attention to this matter!" Publicly traded homebuilding companies include Beazer Homes, D.R. Horton, Hovnanian, KB Home, Lennar, PulteGroupand Toll Brothers.HONDA'S EV PLEDGE UNRAVELS:Five years ago, Hondapledged by 2040 the company would spend tens of billions of dollars to phase out gas cars in favor of electric vehicles, River Akira Davis of The New York Times reports. This goal, however, has more recently unraveled in a way CEO Toshihiro Mibe has called "heartbreaking." The Trump administration's elimination of federal tax credits for EVs has sapped demand, leading to the company's first annual net loss in its history as a public company. As a result, some senior executives have begun rallying support to urge Mibe to resign and take responsibility for the issues at the company.
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.