Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.5%), Nasdaq Composite (+1.0%), and DJIA (-0.9%) are little changed from previous levels shortly after midday. 

Sector strength continues to be a mixed bag, with five S&P 500 sectors trading higher, though strength in the top-weighted information technology sector (+1.8%) continues to keep the S&P 500 and Nasdaq Composite seated with solid gains. 

General Motors (GM 85.86, +6.43, +8.10%) is one of the top-performing S&P 500 names today, trading to new all-time highs after reporting its earnings this morning. The company delivered a solid EPS beat, while revenue declined year-over-year as expected. Importantly, investors focused on GM's encouraging FY26 outlook, a dividend hike, and a new share repurchase authorization. Revenue declined 5.1% year-over-year to $48.59 billion, a slightly larger drop than expected.

Investors were also relieved to see tariff costs come in below expectations, with the FY26 outlook appearing manageable despite incremental exposure.