Military stocks strengthened collectively. Lockheed Martin rose 6.3%, Northrop rose 7.3%, and L3 Harris Technology rose 6.6%. Applied Digital surged 7.2%, beating expectations for Q2. Gap rose 4.1%, and UBS upgraded the retailer's rating to “buy.” Alcoa fell 5.4%, and J.P. Morgan downgraded Alcoa's stock rating to “reduced holdings,” citing uncertainty about the tariff policy.

Military stocks strengthened collectively. Lockheed Martin rose 6.3%, Northrop rose 7.3%, and L3 Harris Technology rose 6.6%. Applied Digital surged 7.2%, beating expectations for Q2. Gap rose 4.1%, and UBS upgraded the retailer's rating to “buy.” Alcoa fell 5.4%, and J.P. Morgan downgraded Alcoa's stock rating to “reduced holdings,” citing uncertainty about the tariff policy.