Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.1%), Nasdaq Composite (-0.4%), and DJIA (+1.4%) remain mixed, a touch off of session highs just before the close. 

After the closing bell, attention will turn to Broadcom's (AVGO 408.15, -4.82, -1.17%) earnings release, which arrives at a delicate moment for semiconductor sentiment. Oracle's (ORCL 199.63, -23.38, -10.48%) cloud disappointment last night has injected a bit of caution into the AI narrative, putting more weight on Broadcom to demonstrate that AI ASIC demand remains both strong and broadening. Guidance—especially any early look at FY26—will be the key catalyst. Investors will watch closely for updated commentary on AI backlog durability, VMware trajectory, and non-AI semiconductor stabilization.

Meanwhile, Costco (COST 882.26, +7.85, +0.90%) and lululemon athletica (LULU 185.00, -2.62, -1.40%) are also set to report after the close.