Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.48%) is narrowly lower form levels half an hour ago, still up about 28 points on the day.

Elsewhere, S&P 500 constituents GE Vernova (GEV 335.67, +18.55, +5.85%), Palantir Technologies (PLTR 75.03, +3.52, +4.92%), and FactSet (FDS 493.55, +20.50, +4.33%) pepper the top of the standings. PLTR is higher today after UBS started coverage on the stock at Neutral, $80 tgt citing strong fundamentals but lofty valuation, while FDS jumps after topping Q1 expectations and reaffirming FY25 guidance, highlighting strong growth and cost discipline.

Meanwhile, Lamb Weston (LW 60.16, -18.06, -23.09%) is today's top laggard as Q2 missed expectations, FY25 outlook slashed amid rising costs and soft demand; the company also announced a repurchase, dividend increase, and appointment of Michael Smith as CEO.