Stock market today: Live updates

GE Vernova shares jumped about 7% in the premarket after the company raised its full-year guidance, as strong power demand blunts the impact of President Donald Trump’s tariffs.

GE Vernova now sees revenue trending toward the higher end of its guidance of $36 billion to $37 billion, raised the low end of its margin for earnings before interest, tax, depreciation and amortization, and bumped its free cash flow outlook to between $3 billion and $3.5 billion.

The guidance includes the impact of Trump’s tariffs, which GE Vernova now expects to be on the low end of $300 million to $400 million this year.

In a Tuesday note, Seaport Research Partners upgraded homebuilder stock Toll Brothers to a buy rating from neutral.

Shares have added less than 0.1% this year, but analyst Kenneth Zener’s $161 price target implies the stock could rise 27% from its Tuesday close.

The analyst said that the overall backdrop for homebuilding stocks now looks better, with peak new supply falling and margin pressures easing. Toll Brother’s efforts to improve its business should also offer more promising returns going forward.

“We think TOL’s ongoing focus to improve ROI/ROE, by lessening slower turning land assets, and elevated community pace via entry-level luxury, and pre-starting homes before backlog (only mid-teens % of closings are intra-quarter sales, our spec definition), dramatically elevate returns vs its past,” Zenner wrote. “With 47% of EBIT from the West, and less than peer exposure to FL/TX, we think its affluent customer mix, remains favorable, given its more niche product offering.”

— Lisa Kailai Han

There are some stocks making meaningful premarket moves on Wednesday:

Hilton Worldwide — The hotel stock slipped nearly 2% despite Hilton posting a second-quarter earnings and revenue beat. Hilton reported adjusted earnings of $2.20 per share on revenue of $3.14 billion, while analysts polled by LSEG had expected earnings of $2.04 and $3.10 billion in revenue. The company also raised its full-year earnings guidance to between $7.83 to $8.00 per share, versus its prior range of between $7.76 and $7.94.Hasbro — Shares traded 3% higher in the premarket after the toymaker reported second-quarter results that beat analyst expectations. The company earned an adjusted $1.30 per share on revenue of $980.8 million. Analysts expected a profit of 78 cents per share on revenue of $880 million, according to LSEG. Hasbro also raised its full-year earnings guidance, “fueled by performance in our Wizards business,” CFO Gina Goetter said in a statement.SAP — U.S.-listed shares of the enterprise software company fell 4.2%. The company posted 9.03 billion euros for second-quarter revenue, missing the LSEG consensus estimate of 9.08 billion euros.

Read the full list of stocks here.

— Yun Li

Shares of Texas Instruments plummeted more than 10% in the premarket Wednesday after the chipmaker posted a disappointing third-quarter forecast.

Texas Instruments sees its earnings for the period coming in between $1.36 and $1.60 per share. At the midpoint, that guidance was below the $1.50 per share that analysts surveyed by LSEG had estimated.

However, the company’s second-quarter earnings and revenue beat Wall Street’s expectations, posting $1.41 per share on $4.45 billion in revenue. That’s compared to the consensus estimate of $1.35 per share on $4.36 billion in revenue.

Hasbro traded 3% higher in the premarket after the toymaker reported second-quarter results that beat analyst expectations.

The company earned an adjusted $1.30 per share on revenue of $980.8 million. Analysts expected a profit of 78 cents per share on revenue of $880 million, according to LSEG.

Hasbro also raised its full-year earnings guidance, “fueled by performance in our Wizards business,” CFO Gina Goetter said in a statement. “Despite a dynamic macro environment, the strength of our diversified business and cost productivity initiatives support our updated outlook.”

U.S.-listed shares of Honda Motor and Toyota popped in the premarket after Trump announced a trade deal between the U.S. and Japan.

Honda traded 11% higher, while Toyota jumped nearly 13%.

U.S. stock futures turned slightly higher on Tuesday night after President Donald Trump announced a “massive” trade deal with Japan.

S&P 500 futures last traded around 0.1%, while Dow futures advanced 92 points, or 0.2%. Nasdaq 100 futures were near flat.

Trump posted about the development on Truth Social, saying that as part of the agreement, Japanese goods will be subject to a 15% “reciprocal” tariff.

Read more about the deal from CNBC’s Lim Hui Jie here.

— Darla Mercado

The sleepy health-care sector, which is off 3% in 2025, was the big winner on Tuesday.

Health care rose 1.9% on Tuesday while investors took a step back from tech names. The information technology sector lost 1% during the session, dragged lower by losses in Nvidia and Broadcom.

IQVIA emerged as the leader in the health-care sector on Tuesday, leaping nearly 18% and posting its best day ever – dating back to its 2013 initial public offering as Quintiles. Shares of the health information technology company rose on the heels of a second-quarter beat on the top and bottom lines.

These are some of the stocks making notable moves after hours:

Texas Instruments — The maker of analog and embedded processing chips tumbled more than 9% after second-quarter sales and earnings topped Wall Street estimates, while the low end of third-quarter guidance fell short. The stock had soared 46% over the past three months before the results.CoStar Group — Shares of the online real estate marketplace rose 1% after the company reported better-than-expected earnings for the second quarter. CoStar earned 17 cents per share, excluding items, on $781.3 million in revenue, while analysts polled by FactSet anticipated 14 cents per share and $772.2 million in revenue.Enphase Energy — Shares slid more than 5%. Despite earnings for the second quarter topping Wall Street expectations, the company said to expect current-quarter revenue between $330 million and $370 million versus a consensus estimate of $368 million from analysts polled by LSEG.

Click here for the full list.

— Alex Harring

Stock futures tied to the Dow, S&P 500 and Nasdaq 100 were all little changed shortly after 6 p.m. ET.

— Alex Harring