Stock Market Update
14-Jul-25 14:30 ET
S&P 500 edges higher as FTNT and PLTR rally on AI and security tailwinds; STZ drops on tariff fears
Dow +83.82
at 44455.33,
Nasdaq +71.75
at 20657.28,
S&P +12.58
at 6272.33
[BRIEFING.COM] The S&P 500 (+0.20%) is up about 13 points this afternoon, slightly ahead of the DJIA for second place.
Briefly, S&P 500 constituents EQT Corp. (EQT 57.95, +2.62, +4.74%), Fortinet (FTNT 102.92, +3.86, +3.90%), and Palantir Technologies (PLTR 147.89, +5.79, +4.07%) dot the top of the standings. FTNT gains after a Barclays note earlier highlighted it as one of the better-positioned names in the security sector ahead of Q2 results, while PLTR rallies in sympathy to news that xAI announced new U.S. government partnerships, including a DoD contract and GSA availability for its "Grok for Government" AI suite.
Meanwhile, Constellation Brands (STZ 164.85, -7.34, -4.26%) is underperforming as investors react to President Trump's threat of 30% tariffs on Mexican imports, which could significantly raise costs for its Mexican-brewed beer brands like Modelo and Corona.
