Stock Market Update
01-Jul-26 12:05 ET
Consumer staples sector lags
Dow +330.03
at 52649.23,
Nasdaq -54.34
at 26180.38,
S&P +17.90
at 7517.26
[BRIEFING.COM] The major averages continue to trade in a mostly higher fashion at midday.
The consumer staples sector (-0.5%) is among today's worst performers, with Walmart (WMT 107.73, -5.53, -4.88%) facing pressure after CNBC's David Faber reported that Cleveland Research issued a negative report citing slowing comparable sales and warning that the company may need to lower prices to clear excess inventory.
Meanwhile, Constellation Brands (STZ 136.94, -2.16, -1.55%) trades lower after topping earnings estimates and maintaining its FY27 earnings and organic sales outlook.
