Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.2%), Nasdaq Composite (-0.1%), and DJIA (+0.9%) sit mixed with just half an hour left in the session.

Northrop Grumman (NOC 533.22, +22.57, +4.42%) and Hasbro (HAS 109.24, +10.75, +10.91%) are among the best-performing S&P 500 components today following strong quarterly earnings reports and improved full-year outlooks. Northrop Grumman is benefiting from strength across its aircraft and missile programs, which helped drive an earnings beat and pushed its backlog to a record $109.6 billion. Meanwhile, Hasbro is rallying after easily exceeding earnings and revenue expectations, supported by record Magic: The Gathering sales and strong growth at Wizards of the Coast. The company also raised its full-year guidance and doubled its planned share repurchases to $400 million.

Looking ahead, Netflix (NFLX 68.58, -1.27, -1.82%) and SpaceX (SPCX 146.90, -1.06, -0.72%) are scheduled to report earnings after today's close, with investors focused on Netflix's advertising growth, engagement trends, and outlook heading into 2027. Shares have fallen more than 20% year to date amid concerns about slowing revenue growth and increasing competition. The earnings calendar picks up considerably on Wednesday, which many view as the true start of the Q3 reporting season, with Meta Platforms (META 688.73, -16.71, -2.37%) and Tesla (TSLA 374.49, +6.43, +1.75%) among the major companies set to release results after the close.