"Stocks Headlines Today: Lockheed Martin, GM, IQVIA, D.R. Horton"
Markets were mixed on Tuesday as investors weighed a fresh wave of corporate earnings. While the Dow inched higher, the S&P 500 and Nasdaq slipped amid disappointing results from some major names. A few companies missed expectations and cut their forecasts, dragging down shares, while others delivered strong reports that lifted their stock prices.
Keypoints;
- U.S. markets were mixed midday, with the Dow up while the S&P 500 and Nasdaq slipped.
- Lockheed Martin shares fell after missing earnings and cutting its outlook.
- General Motors warned of stronger tariff headwinds in the second half, pulling its stock down.
- Sherwin-Williams declined due to disappointing earnings and weaker demand.
- IQVIA soared as profit and sales topped expectations, leading the S&P 500.
- D.R. Horton and Pulte Group rose after strong results driven by homebuyer incentives.
- Quest Diagnostics gained after beating forecasts and launching new offerings.
U.S. stock indexes showed a mixed performance by midday Tuesday as investors reviewed another round of corporate earnings. The Dow managed modest gains, while the S&P 500 and Nasdaq lost some ground amid a varied earnings landscape.
Lockheed Martin (LMT) shares led declines in the S&P 500 after the defense company missed both earnings and revenue estimates and lowered its full-year outlook. The drop was tied to underperformance in its aerospace and helicopter divisions. General Motors (GM) stock also moved lower after the automaker warned of higher tariff-related costs in the second half of the year, raising concerns among investors.
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Sherwin-Williams (SHW) posted weaker-than-expected earnings and reduced its forecast, citing soft demand and increased costs. The news sent its shares down, adding to pressure in the industrials sector. In contrast, IQVIA Holdings (IQV) was the top gainer in the S&P 500. The company beat profit and sales estimates thanks to strong demand for its healthcare analytics and data services.
Homebuilders also showed strength. D.R. Horton (DHI) and Pulte Group (PHM) both reported results that beat expectations as homebuyers responded to new incentives. The positive news lifted sentiment across the housing sector. Meanwhile, Quest Diagnostics (DGX) shares rose after the company exceeded earnings forecasts, helped by new product launches and operational improvements.
Oil futures fell slightly, gold prices ticked higher, and the 10-year Treasury yield declined. The U.S. dollar lost ground against major currencies, while most cryptocurrencies traded lower.