Stock Market Update
31-Jul-25 14:30 ET
S&P 500 slips as Align Tech plunges 37% on weak outlook; CHRW, WDC, and Xylem surge on earnings
Dow -186.83
at 44274.45,
Nasdaq +23.23
at 21151.53,
S&P -9.19
at 6353.71
[BRIEFING.COM] The S&P 500 (-0.14%) is in second place on Thursday afternoon.
Briefly, S&P 500 constituents C.H. Robinson (CHRW115.31, +17.66, +18.08%), Western Digital (WDC 78.27, +6.84, +9.58%), and Xylem (XYL142.76, +12.16, +9.31%) pepper the top of the standings following earnings.
Meanwhile, Align Tech (ALGN 129.15, -74.42, -36.56%) is today's top laggard after the company missed Q2 expectations and issued weak Q3 guidance, citing lower-than-expected Clear Aligner volumes and uneven patient case conversions. Adding to the pressure, Align forecasted flat to slightly higher Clear Aligner revenue in 2025, with lower ASPs driven by a shift to less comprehensive, lower-priced products and emerging market growth.
