Stock Market Update

[BRIEFING.COM] The major averages now trade in a relatively stable range near their session highs. 

Home Depot (HD 389.69, +12.70, +3.37%) is trading higher following its 4Q26 report, as investors welcome an EPS beat after three consecutive misses and better-than-expected comparable sales, even as headline revenue declined nearly 4% year-over-year to $38.2 billion due largely to last year's 53rd week comparison. The quarter reflected steady underlying demand in a challenging housing backdrop, with strength in Pro, big-ticket categories, and digital helping offset ongoing pressure in larger discretionary projects. HD also reaffirmed its FY27 outlook, signaling confidence in market share gains despite muted industry growth expectations.

Meanwhile, Keysight (KEYS 290.77, +45.77, +18.68%) is the best-performing S&P 500 name, also as a result of earnings. The stock is surging after reporting its largest EPS beat in the past six quarters, driven by accelerating demand and standout upside guidance. The supplier of test & measurement equipment and design software delivered record Q1 (Jan) revenue and issued impressive Q2 (Apr) guidance that came in well above expectations. Keysight's Q1 report underscores that it is a leveraged beneficiary of the AI infrastructure build-out, even if it operates behind the scenes. The record revenue, strong order growth, and sizable Q2 upside guidance suggest demand remains robust across both communications and industrial end markets.