Stock Market Update

[BRIEFING.COM] The major averages trade a touch above their session lows. 

The consumer discretionary sector (-1.2%) is a laggard today, giving back the entirety of yesterday's gain and then some. There are, however, a few notable gains in response to earnings throughout the sector. 

Williams-Sonoma (WSM 191.34, +9.17, +5.03%) is the best-performing S&P 500 name after the company beat EPS expectations by $0.13 and missed on revenues, reporting a comparable brand revenue increase of 3.2%. The company also guided FY27 revenues in-line and increased its quarterly dividend by 15%. 

lululemon athletica (LULU 163.77, +4.50, +2.83%) is also heading higher after beating expectations in its Q4 (Jan) report last night. While EPS and revenue both came in ahead of consensus, profitability still declined as LULU continues to grapple with tariff pressure and higher markdowns, while revenue was flat year-over-year at $3.6 billion. LULU had already indicated in January that Q4 results were likely to land toward the high end of its prior outlook, so the stronger quarter was not a major surprise. Instead, the focus was on its guidance, with Q1 EPS of $1.63-1.68 and revenue of $2.40-2.43 billion both below expectations, while FY27 guidance also came in light, with EPS of $12.10-12.30 and revenue of $11.35-11.50 billion.