Stock Market Update
29-Jan-26 14:30 ET
S&P 500 Slides as Earnings Misses Hit URI, NOW; Trane Jumps on Beat-and-Raise Quarter
Dow -35.15
at 48979.24,
Nasdaq -296.19
at 23561.28,
S&P -35.34
at 6942.68
[BRIEFING.COM] The S&P 500 (-0.51%) is firmly in second place on Thursday afternoon, down about 35 points..
Briefly, S&P 500 constituents United Rentals (URI 759.84, -143.35, -15.87%), Las Vegas Sands (LVS 52.23, -9.03, -14.74%), and ServiceNow (NOW 113.97, -15.65, -12.07%) pepper the bottom of the average all following earnings. URI falls as a Q4 earnings and revenue miss and midpoint FY26 revenue guidance roughly in line but not reassuring outweighed the dividend hike and large buyback; for its part NOW slides as solid results and in-line FY26 subscription guidance failed to exceed elevated expectations, prompting profit-taking in a richly valued stock despite upbeat AI announcements.
Meanwhile, Trane (TT 423.58, +29.38, +7.45%) is near the top of the standings on a beat-and-raise quarter, with strong FY26 growth guidance, surging commercial HVAC bookings, and a record $7.8B backlog reinforcing confidence in sustained earnings visibility and execution.
