Stock Market Update
13-Aug-26 12:30 ET
Consumer Staples sector outperforms
Dow -57.39
at 53712.88,
Nasdaq +177.83
at 26787.34,
S&P +39.03
at 7787.53
[BRIEFING.COM] The major averages remain mostly higher, now settling into a relatively stable trading range.
The consumer staples sector (+0.6%) is now among the best-performing S&P 500 sectors, benefiting from dollar weakness as easing rate-hike expectations following the July CPI and PPI reports provide a tailwind for multinational staples companies.
Keurig Dr Pepper (KDP 30.98, +1.42, +4.82%) is a top performer, benefiting from an upgrade to Buy from Hold at HSBC Securities and a target price of $40.
