--- title: "U.S. stock market midday update: Velo3D down 17.09%! Positive cooperation news fails to mask capital outflow, high valuation risks suppress stock price" type: "News" locale: "en" url: "https://longbridge.com/en/news/289625676.md" description: "Velo3D fell 17.09%; SPX Technologies fell 4.95%, with a transaction volume of USD 171 million; Parker Hannifin rose 0.09%, with a transaction volume of USD 141 million; ITT Technologies rose 1.91%, with a transaction volume of USD 109 million; Illinois Tool Works rose 0.98%, with a market value of USD 73.9 billion" datetime: "2026-06-12T17:22:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289625676.md) - [en](https://longbridge.com/en/news/289625676.md) - [zh-HK](https://longbridge.com/zh-HK/news/289625676.md) --- # U.S. stock market midday update: Velo3D down 17.09%! Positive cooperation news fails to mask capital outflow, high valuation risks suppress stock price **U.S. Stock Market Midday Update** Velo3D fell 17.09%, with increased trading volume. Based on recent key news: 1. On June 10, Velo3D announced a partnership with Aurelia Technologies to promote the application of additive manufacturing in next-generation gas turbine systems. This collaboration aims to enhance design processes and supply chain reliability. Despite the stock price decline, the market has shown positive attention to its expertise in advanced energy systems. 2. On June 11, Velo3D's stock price rose 32.28% to $30, as its partnership with Aurelia Technologies was seen as a validation of its "full-stack" approach, involving software, hardware, and process quality. 3. On June 11, Velo3D rapidly expanded its U.S. metal additive manufacturing business, shifting to a recurring revenue model centered on rapid production solutions, targeting the defense, aerospace, semiconductor, and energy sectors, with strong revenue growth and positive EBITDA expected by 2026. The additive manufacturing industry is growing rapidly, attracting significant market attention. **Top Stocks by Industry Trading Volume** SPX Technologies fell 4.95%. Based on recent key news: 1. On June 10, SPX Technologies is executing a growth strategy focused on engineering HVAC and testing and measurement sectors. The company drives growth through mergers and acquisitions, operational excellence, and product innovation, particularly in the rapidly expanding data center market and ongoing margin improvements. These strategic initiatives support the orderly deployment of company capital and a strong acquisition pipeline; however, the stock price still declined, possibly reflecting market concerns about execution risks. The data center market is expanding significantly. Parker Hannifin rose 0.09%. Based on recent key news: 1. On June 10, Bernstein gave Parker Hannifin an "Outperform" rating, calling it "an exceptionally well-managed company," which boosted market confidence and drove the stock price up. Source: Investing.com 2. On June 9, Parker Hannifin announced a distribution of 1.75 reais per unit for the second quarter of 2026, with a payment date of June 11, increasing investor yield expectations. Source: Public Technologies 3. On June 10, Bernstein reported that data center construction is reshaping capital flows in the industrial sector, with Parker Hannifin as one of the beneficiaries, and the market expects it to continue benefiting from this trend. Source: Investing.com The industrial sector is driven by data center construction. ITT Tech rose 1.91%, with a trading volume of $109 million, and increased trading volume, with no significant news recently. Trading is active, and capital flows are evident. Considering sector and industry trends, the stock shows significant volatility, and specific reasons need further observation **Stocks Ranked Among the Top by Market Capitalization in the Industry** Illinois Tool Works rose by 0.98%. Based on recent news, 1. On June 10, Illinois Tool Works' wholly-owned subsidiary Miller Electric Manufacturing announced the expansion of its Copilot series, launching two new products. The new products are designed to simplify the adoption of robotic welding, improve configuration flexibility, and be scalable with changing production demands. This news boosted market confidence and drove the stock price up. 2. On June 10, Miller Electric Manufacturing launched the Copilot Builder and Copilot XR-AlumaPro CB welding gun systems, designed for large weldments and aluminum welding applications, respectively, aimed at improving wire feed consistency. The release of these innovative products further enhanced the company's competitiveness in the welding technology field, contributing to the rise in stock price. 3. On June 10, as a global leader in arc welding product manufacturing, Miller Electric Manufacturing's new product launch attracted market attention, raising investor expectations for the company's future growth and driving the stock price up. 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