Stock Market Update

[BRIEFING.COM] The major averages are higher across the board at midday.

Several retailer names are posting wide gains today following the latest batch of earnings reports.

Best Buy (BBY 75.74, +11.20, +17.35%) is among the top-performing S&P 500 names following a better-than-expected Q1 earnings report in which the consumer electronics retailer topped both EPS and revenue estimates, posted a sharp operating margin expansion, and reaffirmed its full-year guidance, demonstrating resilience in a challenging tariff and macroeconomic environment.

Dollar Tree (DLTR 112.64, +16.76, +17.49%) holds a nearly identical gain after topping earnings expectations and issuing upside EPS guidance.

Though not a component of the S&P 500, Kohl's (KSS 15.14, +2.22, +17.18%) holds a similar gain after a better-than-feared earnings report.

The State Street SPDR S&P Retail ETF is up 1.8%.