Stock Market Update

02-Sep-25 15:00 ET
Mega-cap weakness weighs down consumer discretionary sector
Dow -396.04 at 45148.84, Nasdaq -250.81 at 21204.74, S&P -64.39 at 6395.87

[BRIEFING.COM] As the market enters the final hour of trading, all eleven S&P 500 sectors trade beneath their flatlines.

The consumer discretionary sector (-1.0%) faces losses in its largest components, Amazon (AMZN 225.01, -3.99, -1.74%) and Tesla (TSLA 328.26, -5.61, -1.68%), though several stock-specific headlines prevent further losses.

Ulta Beauty (ULTA 529.47, +36.74, +7.46%) is the best-performing S&P 500 stock today, recovering most of its losses from last week's post-earnings selloff.

Starbucks (SBUX 89.27, +1.08, +1.22%) captures a nice gain after Bloomberg reported that CEO Brian Niccol stated the company's fall lineup introduction stoked a record-breaking sales week across U.S. stores. 

Shares of McDonald's (MCD 316.04, +2.50, +0.80%) are also modestly higher after the company announced the reintroduction of its Extra Value Meals in an attempt to reach price-sensitive consumers, according to CNBC. 

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