Stock Market Update

[BRIEFING.COM] The major averages are back in negative territory as the choppy action across tech stocks once again swings towards the downside.

Meanwhile, the consumer staples sector (+1.2%) is extending yesterday's advance as investors seek out more defensive holdings.

Casey's General (CASY 873.86, +112.68, +14.80%) is the best-performing S&P 500 component after delivering a strong close to FY26 in its Q4 (Apr) report and pairing it with constructive FY27 targets, an expansion of its share repurchase program, and a 14% dividend increase. The company continued its streak of large EPS upside, while revenue of $4.57 billion beat and increased 14.5% year-over-year. Beyond the strong Q4 results, CASY followed with a solid initial FY27 outlook, including inside same-store sales growth of 2-5%, inside margin above 42%, same-store fuel gallons of -1% to +1%, and EBITDA growth of 8-10%.

The Campbell's Company (CPB 23.11, +0.98, +4.43%) is another standout, adding to yesterday's gains that followed an earnings beat of its own.