Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.1%) sits just below its opening level, with eight sectors displaying losses at this juncture. 

The materials sector (-1.2%) holds the widest loss, as some pressure on overall investor sentiment after the release of a much hotter-than-expected PPI report for July (0.9%; Briefing.com consensus 0.2%) affects most sectors today.

Amcor (AMCR 8.58, -1.36, -13.73%) is the weakest performer in the sector, falling past its 200-day (9.69) and 50-day (9.42) moving averages to its lowest level since early April after missing Q4 expectations and issuing in-line EPS guidance for FY26.

Elsewhere in the sector, Nucor (NUE 142.68, -3.16, -2.17%) falls from its best close since early December. Wells Fargo initiated coverage of the stock with an Equal Weight rating and a $145 target.

Even with today's loss, the sector is still up 3.0% for the month, outpacing the 2.0% month-to-date gain in the S&P 500.