Stock Market Update

[BRIEFING.COM] The major averages remain seated in a mixed fashion within 0.5% of their unchanged levels just after midday. 

GE Vernova (GEV 710.26, +84.96, +13.59%) is the top advancing S&P 500 name by a wide margin today, notching record highs after the company reaffirmed its FY25 revenue outlook, issued in-line FY26 guidance, provided long-term financial projections, and significantly boosted capital returns with a doubled quarterly dividend to $0.50 per share and a $10 billion buyback authorization. The company sees its equipment and services backlog reaching $200 billion by 2028, fueled by surging U.S. electricity demand from data centers, AI compute growth, and widescale electrification across industry and transportation.

The stock is looking like one of the most compelling large-cap energy transition plays thanks to accelerating secular demand for electricity, a rapidly swelling backlog, and a clearer roadmap to recurring service revenue later in the decade.

GE Vernova's gain helps keep the industrials sector (+0.7%) at the top of today's leaderboard

The financials sector (+0.6%) is not far off, recovering nicely from a slightly lower finish yesterday. JPMorgan Chase (JPM 306.00, +5.49, +1.83%) has clawed back a chunk of yesterday's 4.6% retreat that followed the disclosure of higher-than-expected 2026 firmwide expenses.