Stock Market Update

[BRIEFING.COM] The major averages are little changed from previous levels as the market enters the final hour of the session. 

Keurig Dr Pepper (KDP 30.88, +1.11, +3.74%) is nicely higher after reporting its Q4 results this morning. The beverage giant delivered a modest EPS beat, a fairly typical outcome for the company, while revenue increased 10.6% yr/yr to $4.5 bln, nicely above expectations and marking its second consecutive quarter of double-digit growth. It also issued FY26 guidance, calling for revenue of $25.9-26.4 billion and low double-digit EPS growth, including the expected contribution from JDE Peet's, which is on track to close in early April.

The consumer staples sector is up a modest 0.5% today, though when combined with yesterday's 1.5% advance, it is the best-performing S&P 500 sector this week.