Stock Market Update
29-Jul-26 11:05 ET
Major averages at session lows
Dow -815.37
at 51931.95,
Nasdaq -227.39
at 24670.53,
S&P -55.21
at 7373.57
[BRIEFING.COM] The major averages now trade in a relatively stable range near session lows.
Procter & Gamble (PG 145.10, -3.78, -2.54%) is trading lower after closing out FY26 on a more subdued note. The consumer-products giant delivered a modest Q4 EPS beat, while revenue increased 1.5% year-over-year to $21.2 billion, a bit shy of expectations. A major focus was PG's initial FY27 guidance, which was broadly in line but did not point to a meaningful improvement in demand. PG expects reported and organic sales growth of 1-3%, with core EPS ranging from flat to up 3%, or roughly $6.89-7.11.
Elsewhere in the consumer staples sector (+0.3%), Coca-Cola (KO 90.19, +1.92, +2.18%)continues to move higher after yesterday's post-earnings surge, making it one of the best-performing Dow components amid a weak day for the blue-chip index.
