Stock Market Update
05-Feb-26 14:30 ET
S&P 500 Slides 0.7% as Earnings Hits CMI, HII; Tapestry Soars to Record Highs on Strong Q2 Beat
Dow -364.88
at 49135.21,
Nasdaq -182.99
at 22721.61,
S&P -47.87
at 6834.84
[BRIEFING.COM] The S&P 500 (-0.70%) is down 48 points this afternoon, hosting the shallowest losses among the major averages on an otherwise widely lower session.
Briefly, S&P 500 constituents Cummins (CMI 533.00, -72.63, -11.99%), Huntington Ingalls (HII 367.30, -45.84, -11.10%), and Coinbase (COIN 150.65, -17.97, -10.66%) dot the bottom of the average. CMI and HII fall after reporting earnings, while COIN slips due in part to losses in cryptocurrencies.
Meanwhile, Tapestry (TPR 144.94, +15.02, +11.56%) is near the top of the standings and making new all-time highs after delivering a strong Q2 beat and a sizable FY EPS raise, sharply improving its margin outlook, highlighting sustained demand with FX and Europe as tailwinds, and boosting free cash flow and shareholder return expectations.
