Stock Market Update

[BRIEFING.COM] The major averages are little changed from previous levels shortly after midday. 

On the earnings front, GE Aerospace (GE 297.62, -13.66, -4.39%) and General Motors (GM 76.27, -6.48, -7.83%)are among the S&P 500's worst-performing components despite both companies reporting better-than-expected quarterly results. GE is facing selling pressure despite raising its full-year guidance, as weaker free cash flow conversion and concerns about future margins overshadowed strong demand. Meanwhile, GM is retreating after narrowing its full-year adjusted EBIT outlook without raising the midpoint, disappointing investors despite solid North American profitability and stronger-than-expected revenue.

Conversely, 3M (MMM 170.60, +8.60, +5.31%) is among the top performers after beating earnings expectations and raising its full-year EPS outlook, supported by stronger industrial demand and improving margins. Equifax (EFX 176.65, +18.08, +11.40%) is the S&P 500's best-performing component, surging nearly 12% after topping quarterly earnings estimates and issuing in-line fourth-quarter guidance. The rally has carried EFX above its 50-day moving average (167.03) and toward its 200-day moving average (178.50).