Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.6%), Nasdaq Composite (-0.8%), and DJIA (-0.5%) are all firmly lower as NVIDIA (NVDA 183.93, -2.59, -1.39%) and the broader AI trade succumb to selling pressure. 

The consumer staples sector (+1.0%) is one of just three S&P 500 sectors that remain in positive territory and the only one with a gain wider than 0.2%. 

Walmart (WMT 106.52, +5.91, +5.87%) now holds the widest gain across S&P 500 names after a solid beat-and-raise earnings report before the open today. Walmart's gains supported a strong early advance in the sector, while its more defensive positioning has kept it largely resilient from today's intraday retreat.