Industrial Sector Gains as Defense Demand and Earnings Exceed Estimates

General Motors led the charge, lifting its full-year outlook for earnings before interest and taxes to a range of $14 billion to $16 billion. The automaker cited resilient North American demand and internal efforts to trim electric-vehicle losses, even as it braces for $2.5 billion to $3.5 billion in potential tariff costs.

Northrop Grumman also signaled confidence, raising its 2026 sales targets by $250 million to a new range of $43.75 billion to $44.25 billion. While the aerospace firm faces minor margin pressures, its adjusted earnings forecast now sits between $28.60 and $29.10 per share. Meanwhile, the packaging sector saw growth as Crown Holdings reported net income of $245 million for the second quarter, buoyed by a surge in global beverage can volumes.