Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.44%) is in second place on Wednesday afternoon, up about 30 points.

Briefly, S&P 500 constituents Teledyne Tech (TDY 616.45, +50.22, +8.87%), Qnity Electronics (Q 101.51, +6.38, +6.71%), and EQT Corp. (EQT 54.53, +3.05, +5.92%) pepper the top of the standings. TDY rises following this morning's Q4 beat, while EQT rallies as natural gas prices surged for a second day on forecasts for snow in Texas, raising the risk of production outages in a key supply region and boosting shares across the gas E&P space.

Meanwhile, Kraft Heinz (KHC 22.25, -1.51, -6.36%) slides to the bottom of the average as shares slid after KHC disclosed that Berkshire Hathaway (BRK.B 483.09, -2.30, -0.47%) may sell nearly all of its 325 mln share stake post-spinoff, compounded by a BNP Paribas Exane downgrade and lower price targets amid persistent volume pressures.