Stock Market Update

[BRIEFING.COM] The major averages trade in a steady range just below session highs at midday. 

The industrials sector (+1.0%) holds a solid gain amid some buy-the-dip interest in the sector after a 1.6% retreat yesterday. 

GE Vernova (GEV 642.73, +28.54, +4.65%) faced particular weakness, closing with a double-digit loss yesterday amid concerns about delays or cancellations across the hyperscale AI infrastructure buildout after reports of a potential funding hurdle at an Oracle (ORCL 181.77, +3.31, +1.85%) data center. 

GE Vernova has reclaimed almost half of yesterday's loss, supported by Jefferies upgrading the stock to Buy from Hold with a target price of $815 this morning.