Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.28%) is in second place on Thursday afternoon, up about 20 points.

Briefly, S&P 500 constituents Ralph Lauren (RL 379.66, +50.42, +15.31%), Lumentum (LITE 964.46, +96.39, +11.10%), and Williams-Sonoma (WSM 193.44, +13.19, +7.32%) dot the top of the standings. For its part, RL surges after strong Q4 earnings and a meaningful guidance beat, plus upbeat FY27 outlook for mid-single-digit revenue growth, margin expansion, and a higher dividend signaling confidence in sustained brand-driven growth and profitability. WSM rallies after Q1 earnings and revenue modestly beat expectations, with solid comps across all brands and reaffirmed FY26 and long-term growth/margin guidance reinforcing confidence in steady execution despite macro and tariff headwinds.

Meanwhile, Intuit (INTU 307.81, -76.12, -19.83%) is firmly lower despite an earnings beat and raised guidance because investors likely viewed the outlook as not strong enough versus high expectations, with concerns about growth deceleration and post-earnings "sell-the-news" profit-taking after a strong run-up.