Stock Market Update
05-Feb-26 12:05 ET
Notable earnings related moves
Dow -401.41
at 49098.68,
Nasdaq -213.69
at 22690.91,
S&P -60.82
at 6821.89
[BRIEFING.COM] The S&P 500 (-0.8%), Nasdaq Composite (-0.8%), and DJIA (-0.8%) are steadily ticking higher from this morning's worst levels.
While today's weakness is broad-based, there are still some notable stock-specific moves in the fold due to a hefty batch of earnings reports before the open.
McKesson (MCK 951.20, +129.20, +15.72%) is the best-performing S&P 500 name today following a robust fiscal Q3 beat-and-raise report that demonstrated strong broad-based momentum across its core business segments.
Meanwhile, Estee Lauder (EL 91.48, -28.13, -23.52%) is diving lower despite a 2Q26 beat-and-raise as investors reacted to an outlook that remains slightly below FactSet consensus estimates. While the FY26 EPS guidance was raised to $2.05–$2.25, the midpoint remains below the FactSet Consensus of $2.19, and the revenue forecast of $14.76--$15.04 billion is also trailing analyst expectations.
