Stock Market Update

[BRIEFING.COM] The Dow Jones Industrial Average has traded slightly higher and slightly lower than its prior close while the S&P 500 (+0.8%) and Nasdaq Composite (+1.5%) hit fresh session highs. 

Some names that reported earnings since yesterday's close have garnered mixed responses from investors. GameStop (GME 29.32, +2.39, +8.9%) and Stitch Fix (SFIX 6.57, +1.98, +42.9%) are big winners after reporting results while shares of Macy's (M 15.78, -0.94, -5.6%) and Dave & Buster's (PLAY 31.83, -4.96, -13.5%) slide in response to quarterly results. 

Other story stocks include General Motors (GM 51.69, -1.03, -2.0%), which trades down after announcing it will no longer fund Cruise's robotaxi development work, and GE Vernova (GEV 346.17, +18.78, +5.7%), which reaffirmed its FY24 revenue and free cash flow guidance while raising its FY25 revenue guidance.