Stock Market Update
01-Sep-26 15:30 ET
Prominent tech names lower ahead of earnings
Dow -419.39
at 52766.51,
Nasdaq -268.03
at 26123.91,
S&P -56.69
at 7629.45
[BRIEFING.COM] The major averages remain firmly lower with just half an hour left in today's session.
The top-weighted information technology sector (-1.0%) remains one of the weakest performers, with several notable names facing sharp losses ahead of their earnings reports after the close.
Dell (DELL 426.52, -29.49, -6.47%) enters its Q2 (Jul) report with elevated expectations after Q1 revenue surged 87.5% year-over-year to a record $43.84 billion and its Q2 revenue guidance of $44-45 billion came in well above expectations. Investors will focus on whether Dell can continue converting its $51.3 billion AI backlog amid supply constraints and whether strong AI infrastructure demand can support another upward revision to its outlook.
Meanwhile, Palo Alto Networks (PANW 359.36, -22.77, -5.96%) enters its fiscal Q4 (Jul) report with elevated expectations following strong Q3 execution and a constructive read-through from CrowdStrike (CRWD 213.96, -17.04, -7.37%). With FY26 coming to a close, attention will center on PANW's initial FY27 outlook and whether continued strength in platformization, NGS ARR and RPO growth, and AI-related demand can support expectations.
