Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.3%) and Nasdaq Composite (-0.3%) are off their worst levels of the session as the information technology sector returns to its flatline, while the DJIA (-1.1%) remains firmly lower.

Corporate news flow is on the lighter side today, though GE Aerospace (GE 339.52, +2.40, +0.71%) is modestly higher after agreeing to acquire Consolidated Precision Products (CPP) from Warburg Pincus and Berkshire Partners for $11.75 billion, expanding its control over mission-critical castings used across commercial aviation, aftermarket services, defense, helicopters, weapon systems, and industrial gas turbines. GE will finance the transaction with $7 billion of cash and approximately $4.75 billion of new debt, expects adjusted EPS and free-cash-flow accretion in the first year after closing, and plans no change to its capital-allocation program, although the substantial valuation and second-half 2027 closing timeline limit the immediate reaction.