Stock Market Update

[BRIEFING.COM] While the DJIA (+0.1%) has given up the bulk of its earlier modest gain, it remains on track for a slightly higher finish alongside the S&P 500 (+0.6%) and the Nasdaq Composite (+1.3%). Following today's tech-dominant session, investors have another round of tech earnings to assess after the close.

Marvell (MRVL 243.04, -2.07, -0.84%) heads into its after-hours report with expectations running high after management struck a notably bullish tone around AI networking, custom silicon, and multi-year growth. The stock has also been volatile into the print, surging on an expanded Google custom-silicon agreement and then giving back part of that move as investors reassessed dilution, customer concentration, and valuation. This report likely needs to show that demand, bookings, and margin leverage are still tracking the aggressive framework management laid out earlier this year.

Meanwhile, Workday (WDAY 192.07, +1.32, +0.69%) reports after a sharp run in the shares, with recent takeover-related volatility and a broader lift in enterprise software sentiment adding to the focus on this quarter. The setup now looks less about whether WDAY can beat and more about whether revenue growth, guidance, and margin flow-through can support the stock's elevated expectations.