Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.2%) and DJIA (+0.2%) hold modest gains, while some choppiness across tech stocks keeps the Nasdaq Composite on its flat line.

The industrials sector (-0.1%) is little changed overall, although several components are seeing sizable moves following earnings reports.

Vertiv (VRT 239.37, +30.81, +14.77%) is the best-performing stock in the S&P 500 following a strong beat-and-raise report, with adjusted earnings jumping 78% year-over-year and revenue surging 61% amid accelerating demand for AI and data center infrastructure. The company also reported a sharp increase in orders and raised its outlook, reinforcing optimism surrounding continued investment in AI infrastructure. Fortive (FTV 65.78, +4.17, +6.77%) is another notable outperformer, while GE Vernova (GEV 867.36, -27.72, -3.10%)) is trading lower, highlighting mixed performances among electrical equipment names tied to the data center buildout.

Elsewhere in the industrials sector, C.H. Robinson (CHRW 128.50, -15.09, -10.51%), Old Dominion (ODFL 176.20, -10.83, -5.79%), and Lennox Int'l (LII 344.76, -27.29, -7.34%) are among the S&P 500's worst performers following their respective earnings reports, offsetting strength elsewhere in the sector.