Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.86%) is in second place on Friday afternoon, up about 63 points.

Briefly, S&P 500 constituents Intel (INTC 123.65, +14.03, +12.80%), Dell (DELL 256.79, +26.52, +11.52%), and Corpay (CPAY 339.87, +34.12, +11.16%) dot the top of the standings. INTC rallies on reports of a preliminary Apple (AAPL 292.54, +5.10, +1.77%) chip-making deal that boosts confidence in its foundry turnaround and sparked broad semiconductor sector rotation and short-covering, while DELL rises after President Trump touted the company in an appearance this afternoon saying specifically "go out and buy a Dell," with CPAY rallying after a broad Q1 beat and upbeat FY26/Q2 guidance signaled sustained double-digit organic growth and improving earnings momentum.

Meanwhile, Motorola Solutions (MSI 382.74, -50.46, -11.65%) is one of today's worst laggards, dropping to a near four-month low on valuation-driven profit-taking even after a Q1 beat, raised guidance, and strong backlog, as investors focused on limited upside versus expectations. Into last night's print, shares of MSI were +13.0% YTD vs. +7.2% in the S&P 500.