U.S. Stock Market Midday Update

SLB rose 11.13%. Based on recent key news:

1. On July 24, SLB announced its second-quarter financial report, with revenue of $8.97 billion, exceeding market expectations of $8.69 billion, and adjusted earnings per share of $0.55, higher than the expected $0.51. The North American market performed strongly, with revenue growth of 36% year-on-year, mitigating the impact of geopolitical tensions in the Middle East. After the earnings report was released, SLB's stock price rose 2.5% in pre-market trading, later expanding to a 6.6% increase. Source: Dolphin Research

2. On July 24, SLB stated during the earnings call that the impact of the conflict in Iran on its second-quarter earnings per share was at the lower end of the previously provided guidance range of $0.06 to $0.08 per share. Source: Dolphin Research

3. On July 24, SLB projected a 5% year-on-year increase in revenue for the fourth quarter and expected free cash flow in the second half of 2026 to exceed that of the first half. Source: Dolphin Research The oilfield service industry is performing strongly overall, with significant growth in the North American market.

Top Stocks by Industry Trading Volume

Baker Hughes rose 2.67%. Based on recent news,

1. On July 24, Baker Hughes signed a five-year service agreement with GL Group. This agreement covers operational support, technical expertise, and the use of oil and gas technology, enhancing market confidence in the company's future growth and driving up the stock price.

2. On July 24, SLB reported better-than-expected second-quarter earnings, boosting Baker Hughes' stock price. SLB's strong performance increased investor confidence in the entire oilfield service industry, indirectly driving up Baker Hughes' stock price.

3. On July 24, Baker Hughes' trading volume significantly increased, reaching $335 million, indicating strong market interest and positive buying sentiment for the stock. The oilfield service industry has performed strongly recently, with increased investor confidence.

Halliburton rose 1.85%. Based on recent key news:

1. On July 22, Halliburton signed a strategic cooperation memorandum with Kaishan Group to promote low-carbon energy technology innovation. This cooperation is expected to enhance the company's competitiveness in the renewable energy sector, stimulating the stock price increase. Source: Dolphin Research

2. On July 22, Halliburton secured a long-term agreement with Kuwait Oil Company to promote the development of technology in the Ahmadi Innovation Valley. This agreement will strengthen the company's market position in the Middle East, promoting stock price growth. Source: Reuters

3. On July 22, Halliburton reported second-quarter results that exceeded expectations, with improved North American activity and strong international demand driving revenue growth. This performance boosted market confidence, supporting the stock price increase. Source: Reuters The oilfield service industry has performed strongly recently, with significant capital inflows U.S. Silica Holdings rose 1.57%. Based on recent news,

4. On July 22, analysts maintained a hold rating on U.S. Silica Holdings but noted that five other stocks were more worthy of purchase. This news may lead some investors to reassess their portfolios, affecting U.S. Silica Holdings' stock price.

5. On July 24, falling oil prices drove up S&P 500 and Dow Jones futures. The fluctuations in oil prices directly impact the market performance of energy companies like U.S. Silica Holdings, leading to an increase in its stock price.

6. No other significant news recently. Oil price fluctuations affect the performance of energy stocks.

Stocks ranked at the top of the industry by market capitalization

FMC Technologies rose 1.08%. Based on recent news,

1. On July 23, FMC Technologies' market capitalization reached $30.6 billion, setting a new 52-week high. The market recognized its robust dividend growth strategy, considering it a reliable defensive investment choice, which drove the stock price up.

2. On July 22, analysts maintained a "moderate buy" rating on FMC Technologies but pointed out that five other stocks were more attractive. This news had a limited impact on the stock price but still showed market confidence in the company.

3. On July 21, overall optimistic sentiment in the energy equipment industry boosted FMC Technologies' stock price. Investors expect continued growth in demand for energy equipment, further driving up the stock price. The energy equipment industry performed well overall, with market expectations for demand growth