Stock Market Update

[BRIEFING.COM] The major averages continue to tick higher, with some notable post-earnings moves contributing to the strength.

3M (MMM 173.52, +14.41, +9.06%) is among the top-performing S&P 500 components after delivering a Q2 beat on both earnings and adjusted sales and, more importantly, raising FY26 EPS guidance above consensus. Investors also appear to be responding to the breadth and quality of the update, as MMM raised its outlook for adjusted total sales growth to more than 4.5%, adjusted organic sales growth to more than 3.5%, adjusted operating margin expansion to 70-80 bps, and cash generation, although the durability of the acceleration remains a key question given potential order timing around price increases, difficult second-half comparisons, automotive weakness, and broader macro uncertainty.

Hasbro (HAS 88.76, +7.17, +8.79%) holds a similar gain after reporting better-than-expected earnings and revenue while raising full-year revenue and EBITDA guidance. Strong performance from Wizards of the Coast and Digital Gaming offset costs associated with the company's prior cybersecurity incident. The results suggest branded entertainment and gaming demand remains healthy despite broader consumer spending concerns.