Stock Market Update
07-Aug-26 14:30 ET
S&P 500 Rises as Microchip Earnings Surge Offsets ResMed Guidance-Led Drop
Dow +43.92
at 53929.02,
Nasdaq +230.78
at 26600.15,
S&P +29.37
at 7739.33
[BRIEFING.COM] The S&P 500 (+0.38%) is in second place on Friday afternoon, up about 29 points.
Briefly, S&P 500 constituents Microchip (MCHP 85.54, +11.18, +15.03%), Moderna (MRNA 58.87, +5.01, +9.30%), and Newmont Corporation (NEM 112.29, +6.86, +6.51%) dot the top of the standings. MCHP is higher after earnings, while gains in gold futures propel NEM higher.
Meanwhile, ResMed (RMD 206.72, -16.52, -7.40%) is near the bottom of the average after management issued weaker-than-expected FY27 sales guidance and said halted Astral ventilator sales weighed on results, overshadowing a modest quarterly earnings beat.
