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The Dow Jones Industrial Average rallied 95 points in afternoon trade, with 17 of its 30 components gaining ground, despite market internals showing overall breadth is clearly negative. The number of advancing stocks outnumbered decliners 1,652 to 1,164 on the NYSE and 1,549 to 1,103 on the Nasdaq exchange. Declining volume represented 56.7% of total volume on the Big Board and 57.5% of the Nasdaq’s total volume. Meanwhile, the S&P 500 and the Nasdaq Composite both inched up less than 0.1%.

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The Senate Intelligence Committee on Tuesday urged greater use of paper ballots in a report after investigating Russian attempts to interference with the 2016 U.S. election. The panel also said that states should continue to remain in the lead in running elections, and that election experts, security officials, cybersecurity officials and the media develop a common set of terminology to improve communications.

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Shares of General Electric Co. slumped 2.6% in midday trade Tuesday, to pace the Dow Jones Industrial Average’s decliners. The selloff put the stock on track to close at the lowest level since Sept. 3, 2009. Meanwhile, the Dow was up 114 points, or 0.5%. GE’s stock has now lost 5.4% since the industrial conglomerate released its 2017 annual report, during which Chief Executive John Flannery warned those who bet against the company’s resolve “do so at their own peril.” Over the same time, the Dow has lost about 585 points, or 2.3%. Over the past 12 months, GE shares have tumbled 54% while the Dow has gained 18%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Research firm IDC said Tuesday that it expected wearables shipments to grow 15.1% this year, led by strong growth in basic trackers as well as continued growth in smartwatches. IDC sees wearables shipments growing at a 13.4% annual rate through 2022, however, as basic trackers grow less popular but watches maintain momentum. “The addition of cellular connectivity is also starting to resonate with early adopters and looking ahead the emergence of new use cases like music streaming or additional health sensors will make cellular connectivity pivotal to the success of the smartwatch,” IDC senior research analyst Jitesh Ubrani said in a release. Apple Inc. came out with a cellular-connected smartwatch last year. Fitbit Inc. , meanwhile, recently announced its new Versa smartwatch, which is priced lower than the company’s Ionic smartwatch and intended to reach more of a mass audience in the midst of declining interest in basic trackers. IDC projects that basic tracker shipments will grow by just 0.3% annually through 2022, while smartwatch shipments could grow by 17.9%. Apple shares are up 24% over the past 12 months, while Fitbit shares have dropped 8.3%. The Dow Jones Industrial Average , of which Apple is a component, is up 18%, compared with a 14% gain for the S&P 500 over 12 months.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Shares of Universal Display Corp. are up 4.4% in Tuesday trading after Gabelli analyst Hendi Susanto upgraded the stock to buy from hold. His upgrade comes after the stock plunged 12% in Monday’s session, following a report saying Apple Inc. was making its own MicroLED display screens. Susanto wrote in his upgrade note that he thought Apple’s work with MicroLED screens was still in the research and development stage, and he noted that Apple bought a MicroLED startup in 2014, meaning that the company’s interest in the technology isn’t particularly new. “The commercialization is at least a couple of years away,” Susanto wrote of Apple’s MicroLED efforts. Meanwhile, he sees “more upside potential than downside risks” for Universal Display, which makes OLED screens. Susanto pointed to a “multiyear investment in OLED display capacity” from many global players as well as management’s own forecast for a sharp increase in the number of installed OLED screens through 2019. Universal Display stock is up 33% over the past 12 months, while the S&P 500 is up 14%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Amazon.com Inc.’s stock surged 1.4% in midday trade, to push the e-commerce giant’s market-capitalization past Google-parent Alphabet Inc.’s in intraday trade, which would make Amazon the second largest U.S. company. Amazon’s market-cap was $758.26 billion, while Alphabet’s stock fell 1.3% to knock the internet-search giant’s market cap down to $755.35 billion. Apple Inc. is still by far the biggest U.S. company, with the stock up 0.1% to lift its market cap to $890.44 billion. Amazon’s stock has soared 34% year to date, while Alphabet shares have gained 3.3% and the S&P 500 has tacked on 1.4%.

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Shares of MuleSoft Inc. jumped 20% after Reuters reported that Salesforce.com Inc. was in advanced talks to buy the software company. The report, which cites people familiar with the matter, said that a deal could be announced this week at the earliest, though they said that nothing had been formally agreed upon yet. Salesforce shares are up 0.9% in Tuesday trading. MuleSoft went public a year ago, and shares had nearly doubled from their IPO price of $17 prior to the Reuters report. MuleSoft received venture funding from Salesforce. MuleSoft shares are now up 67% in the past 12 months, while Salesforce’s stock is up 52% and the S&P 500 is up 14%.

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Chipotle Mexican Grill Inc. said Tuesday that it has named Chris Brandt chief marketing officer, effective April 2. Brandt succeeds Mark Crumpacker, who announced his resignation last week. Brandt joins from Bloomin’ Brands Inc. where he was chief brand officer across Outback Steakhouse, Carraba’s, Bonefish Grill and Fleming’s. He also previously worked for Taco Bell parent Yum Brands Inc. leading that brand’s marketing and food innovation. Chipotle shares are up 1.3% in Tuesday trading, and up 11% for the year so far. The S&P 500 index is up 1.6% for 2018 to date.

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About 18,000 riding lawn mowers sold at Briggs & Stratton Corp. dealers are being recalled Tuesday, because of a potential hazard with the reverse-mow option switch, according to the U.S. Consumer Product Safety Commission (CPSC). Briggs & Stratton’s stock slipped 0.4% in midday trade. The products recalled are made in the U.S. and sold nationwide under the brands Snapper, Simplicity and Massey Ferguson from August 2016 through January 2018 for between $1,500 and $13,000. About 300 of the recalled riding mowers were sold in Canada. The CPSC said that while there have been no reports of injuries, the reverse-mow option switch can malfunction, allowing the riding mowers to “unintentionally move when being driven in a reverse direction,” which poses a risk of injury to bystanders. Briggs & Stratton shares have shed 12.8% over the past three months, while the S&P 500 has gained 1.5%.

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