Stock Market Update

[BRIEFING.COM] The S&P 500 has managed to rise to its unchanged level, moving higher amid improvements to the information technology sector (-1.3%). The Nasdaq Composite (-0.6%) remains lower, though it has also significantly improved from session lows, while the DJIA (+1.3%) maintains its early gain. 

While reaction to Oracle's (ORCL 192.73, -30.28, -13.58%) earnings report has certainly been one of the most market-moving events today, a handful of other companies have seen more modest moves in response to earnings reports of their own. 

Ciena (CIEN 234.46, +12.61, +5.68%) and Adobe (ADBE 347.42, +4.29, +1.25%) both trade higher after beating top-and-bottom line estimates and issuing upside guidance.

Synopsys (SNPS 471.38, -4.45, -0.94%) trades lower after beating EPS expectations, reporting revenues in-line, and issuing Q1 and FY26 guidance that anticipates much of the same. Bank of America Securities upgraded the stock to Buy from Neutral.