Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.1%), Nasdaq Composite (-0.3%), and DJIA (+0.4%) continue to trade in a mixed fashion, with the S&P 500 briefly moving above its flat line before dipping below. 

The consumer discretionary sector (+1.3%) broadens its gain of the day as General Motors (GM 66.26, +8.26, +14.24%) sees its gain widened. The stock is trading sharply higher after delivering its largest EPS beat since Q3 last year. Revenue dipped 0.3% year-over-year to $48.59 billion but topped expectations. The big upside came from raised FY25 guidance and lower expected tariff impact.

Ford Motor (F 12.38, +0.38, +3.21%) (which reports earnings on Thursday) and CarMax (KMX 44.31, +1.28, +2.97%) are also top movers within the sector, while Amazon (AMZN 222.08, +5.60, +2.58%) outperforms in the mega-cap space.