Stock Market Update
16-Jul-26 12:05 ET
Industrials sector modestly lower
Dow +88.39
at 52747.03,
Nasdaq -220.38
at 26069.85,
S&P -17.34
at 7555.06
[BRIEFING.COM] The major averages remain little changed from previous levels at midday.
The industrials sector (-0.1%) is now modestly lower, with several notable corporate news items.
GE Aerospace (GE 342.82, -17.53, -4.86%) trades lower despite a solid beat-and-raise earnings report, while United Airlines (UAL 117.77, -3.20, -2.65%) also lags after delivering a mixed earnings update in which Q2 adjusted EPS topped expectations, but Q3 guidance came in just below consensus and kept investors focused on the timing of the fuel-cost recovery.
Meanwhile, Uber (UBER 73.48, +0.80, +1.11%) holds a a solid gain after formally announcing a cash offer for Delivery Hero valued at approximately $14.8 billion for 100% of the company, a transaction that would expand UBER's combined reach to 99 countries while increasing the number of markets offering both Mobility and Delivery from 34 to 58.
