RTX rose 1% after reporting quarterly earnings of $2.26 per share, beating estimates of $1.78, with revenue of $24.97 billion. General Motors fell about 5% despite beating analyst expectations, while announcing a new $20 billion stock buyback program and raising its free cash flow guidance. Northrop Grumman gained 0.5% with mixed results: earnings of $7.89 per share exceeded estimates, but revenue of $11.12 billion came in slightly below expectations. Steel Dynamics dropped 5.3% due to mixed quarterly results, missing EPS and profit margin expectations despite a 50% year-over-year increase in customer backlog. Apple fell about 1% following a downgrade by Loop Capital, with analysts citing slowing iPhone sales and high valuation as concerns.
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