Stock Market Update

[BRIEFING.COM] The major averages continue to trade in a relatively stable range.

Expedia Group (EXPE 233.99, -18.80, -7.44%)  is traveling lower after its Q1 results last night. The OTA platform beat handily on EPS, continuing its recent stretch of large double-digit upside, while revenue increased 14.7% year-over-year to $3.43 billion, also above expectations. Q2 revenue guidance of $4.11-4.19 billion was in line with expectations, while Expedia reaffirmed its FY26 guidance, including revenue of $15.60-16.00 billion, acknowledging that while there could be potential upside, it is taking a prudent approach given the volatility it has seen and ongoing macro/geopolitical uncertainty.

Meanwhile, Wendy's (WEN 7.25, +0.30, +4.32%)is moving higher after reporting solid Q1 upside. Revenue rose just 3.3% year-over-year to $540.6 million. However, it broke the chain following four consecutive quarters of year-over-year revenue declines, so that was a nice little milestone, getting back to growth. Wendy's described Q1 results as reflecting a business in the early stages of a turnaround. Wendy's says it's making progress to improve its US business and is confident in the direction it is heading. However, weak US traffic trends show that Wendy's has significant work ahead before it can claim a sustained recovery.

Following the latest batch of earnings reports, the S&P 500 Q1 blended growth rate stands at 27.7%.