Stock Market Update

[BRIEFING.COM] The major averages trade in a relatively stable range this morning as tech stocks continue to pace the advance.

Semiconductor names are doing the bulk of the lifting this morning, as the iShares GS Software ETF (+0.3%) holds just a modest gain amid mixed strength across software names. Oracle (ORCL 212.05, -1.63, -0.76%) is a laggard ahead of its earnings release Wednesday after the close.

Elsewhere on the earnings front, The Campbell's Company (CPB 21.38, -0.30, -1.38%) is trading lower despite reporting Q3 adjusted EPS of $0.50, ahead of the FactSet $0.48 consensus, while revenue of $2.37 billion was essentially in line with expectations and FY26 adjusted EPS guidance was reaffirmed at $2.15-$2.25. The negative reaction suggests investors are looking past the EPS beat and guidance hold, focusing instead on another soft quarter marked by a 4% organic sales decline, 4% sales declines in both Meals & Beverages and Snacks, negative volume/mix, and continued pressure from tariffs, inflation, and supply chain costs.