Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.1%) continues to oscillate around its baseline, while the Nasdaq Composite (-0.2%) lags and the DJIA (+0.6%) outperforms.

The industrials sector (+1.0%) holds a solid gain, with strong earnings reports pushing a number of defense stocks higher. 

RTX (RTX 174.44, +13.73, +8.54%) is one of the top gainers in the S&P 500 so far after an earnings beat and raised guidance. The sector's largest component, GE Aerospace (GE 305.35, +2.67, +0.88%), also moves higher after an earnings beat and raised guidance. 

Lockheed Martin (LMT 496.56, -9.34, -1.85%) beat EPS expectations but reported revenues in-line, while Northrop Grumman (NOC 599.76, -2.24, -0.37%) also holds a modest loss after beating EPS expectations but missing on revenues. 

Nonetheless, the iShares U.S. Aerospace and Defense ETF is up 1.8% today. 

Elsewhere in the sector, Down component 3M (MMM 162.68, +7.90, +5.10%) holds a solid gain after beating top and bottom line expectations and raising its FY25 EPS outlook.