Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.95%) is in second place on Tuesday afternoon, up about 65 points.

Briefly, S&P 500 constituents Robinhood (HOOD 77.67, +6.00, +8.37%), Delta Air Lines (DAL 71.40, +4.35, +6.49%), and Transdigm Group (TDG 1293.58, +60.47, +4.90%) dot the top of the standings. DAL rallies on broader merger speculation involving American Airlines (AAL 12.09, +0.86, +7.66%) and United Airlines (UAL 97.09, +1.89, +7.61%), falling oil prices tied to easing geopolitical tensions, and investor optimism around lower cost pressures following its sustainability target rollback, while TDG rises after posting solid preliminary sales, announcing a $1.25 bln debt raise to fund the Stellant Systems acquisition and share buybacks, and benefiting from continued analyst optimism on commercial aerospace aftermarket demand.

Meanwhile, APA Corp. (APA 36.83, -2.66, -6.74%) is at the bottom of the average amid widespread losses in the energy sector.