Stock Market Update
21-Jul-26 12:30 ET
Major averages continue to move higher
Dow +496.20
at 52335.46,
Nasdaq +334.48
at 25863.56,
S&P +69.14
at 7512.42
[BRIEFING.COM] The S&P 500 (+0.9%), Nasdaq Composite (+1.3%), and DJIA (+0.9%) continue to chart a higher course.
Despite the relatively broad strength, there are several prominent post-earnings laggards in the mix today. Danaher (DHR 174.68, -26.43, -13.14%) is sharply lower despite beating Q2 expectations and raising its FY26 adjusted EPS outlook to $8.45-8.60 from $8.35-8.55, as investors appear more focused on its narrowed core revenue outlook and more conservative view of bioprocessing.
Similarly, Genuine Parts (GPC 115.62, -6.78, -5.54%) is under pressure today despite reporting upside with its Q2 report this morning. Investors appear to be looking past the EPS upside and focusing on still-muted organic growth and a cautious outlook from management. Specifically, its 6% growth in Q2 included a 1.4% FX benefit and 1.2% from acquisitions. In terms of the cautious outlook, GPC only reaffirmed FY26 guidance for adjusted EPS and revenue.
