Stock Market Update
22-Jul-26 14:25 ET
TE Connectivity Slips on Deal Concerns as Wabtec, EQT Rally
Dow +69.37
at 52294.01,
Nasdaq -97.36
at 25760.85,
S&P -1.31
at 7507.89
[BRIEFING.COM] The S&P 500 (-0.02%) is down less than two points, in second place this afternoon.
Briefly, S&P 500 constituents Wabtec (WAB 289.29, +25.76, +9.77%), EQT Corp. (EQT 53.85, +4.05, +8.13%), and CME Group (CME 251.01, +13.63, +5.74%) dot the top of the standings following earnings.
Meanwhile, TE Connectivity (TEL 191.29, -17.72, -8.48%) is today's top laggard as investors focused on concerns around the $1.4 bln Astrodyne TDI acquisition, including valuation and integration risks, overshadowing better-than-expected earnings and strong AI infrastructure demand.
