Stock Market Update
22-Jul-26 11:00 ET
Consumer staples sector lags
Dow +45.53
at 52270.17,
Nasdaq -109.17
at 25749.04,
S&P -8.70
at 7500.50
[BRIEFING.COM] The major averages remain little changed from previous levels.
The consumer discretionary sector (-0.8%) is the worst-performing S&P 500 sector this morning, facing pressure as another bump in oil prices sends Treasury yields higher again today. Carvana (CVNA 63.28, -2.30, -3.51%), which is highly sensitive to interest rates, is among the sector's laggards, while several of the sector's largest apparel names, including NIKE (NKE 41.80, -1.16, -2.71%) and lululemon athletica (LULU 113.17, -3.46, -2.97%), also trade lower amid growing concerns that rising inflation could weigh on consumer spending.
