Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.45%) is up about 30 points this afternoon, up now about +3.54% on the week.

Briefly, S&P 500 constituents Brown-Forman (BF.B 31.17, +4.32, +16.09%), Sandisk (SNDK 834.27, +53.37, +6.83%), and Carrier Global (CARR 61.20, +2.91, +4.99%) pepper the top of the standings. BF.B rises after reports that Sazerac has expressed interest in a potential deal for the company, adding to ongoing acquisition talks with Pernod Ricard (PDRDF 75.53, -2.06, -2.65%) and fueling speculation of a takeover, while SNDK jumps after catching sell side target raises out of Cantor and Bernstein.

Meanwhile, Texas Pacific Land Trust (TPL 375.46, -72.82, -16.24%) slides to two month lows after the sudden death of Murray Stahl, the company's largest shareholder and longtime board member, raising investor concerns about leadership continuity and shareholder support.