Stock Market Update
17-Jul-25 14:25 ET
S&P 500 hovers near record highs as ETN, CFG, ALB lead; ELV sinks on guidance cut
Dow +230.69
at 44485.47,
Nasdaq +165.27
at 20895.76,
S&P +32.12
at 6295.82
[BRIEFING.COM] The S&P 500 (+0.51%) is just off HoDs, just failing to top ATHs from Tuesday.
Briefly, S&P 500 constituents Albemarle (ALB 76.13, +5.72, +8.12%), Citizens Financial Group (CFG 49.25, +2.28, +4.85%), and Eaton (ETN 379.00, +16.11, +4.44%) pepper the top of the standings. CFG outperforms after earnings, while ETN is higher likely in sympathy with a strong Q2 earnings report from Swiss peer ABB (ABBNY 64.97, +5.33, +8.94%).
Meanwhile, Elevance Health (ELV 304.30, -40.25, -11.68%) slides to the bottom of the average after the company missed Q2 earnings and sharply cut its 2025 EPS outlook due to rising medical costs in ACA and Medicaid plans.
