Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.48%) is in second place on Monday afternoon, up about 30 points.

Elsewhere, S&P 500 constituents Teradyne (TER 129.51, +6.29, +5.10%), NetApp (NTAP 127.03, +5.08, +4.17%), and Alphabet (GOOG/L 197.64, +7.82, +4.12%) are among today's top gain getters. TER and NTAP were upgraded to Overweight at JP Morgan this morning; on TER, firm moved up on stronger TAM growth outlook, sees upside to 2026 targets, while GOOGL is higher after unveiling Veo 2 and upgraded Imagen 3 video and image generation models, and new creative tool 'Whisk'.

Meanwhile, Phillips 66 (PSX 116.90, -5.82, -4.74%) is one of the worst-performing constituents today after catching a price target cut to $147 at Mizuho and announcing is 2025 capital program as well as plans to sell 25% stake in Gulf Coast Express Pipeline for $865 million.