Stock Market Update
04-Sep-26 10:30 ET
Consumer discretionary sector lags
Dow -277.39
at 53408.72,
Nasdaq -47.88
at 26557.23,
S&P -22.94
at 7724.77
[BRIEFING.COM] The S&P 500 (-0.3%), Nasdaq Composite (-0.2%), and DJIA (-0.5%) now trade lower across the board as broad weakness begins to outweigh gains in technology stocks.
LULU is the worst-performing S&P 500 component after disappointing with its Q2 (Jul) results last night, with shares falling below $100 for the first time in several years. Guidance is the main source of pressure, with Q3 EPS and revenue guidance well below expectations and lululemon athletica (LULU 100.65, -21.12, -17.34%) cutting its FY27 guidance significantly for a second consecutive quarter, adding to concerns ahead of its CEO transition.
The consumer discretionary sector (-1.4%) is also the worst-performing S&P 500 sector, though that is more due Tesla (TSLA 352.85, -23.52, -6.25%) giving back the entirety of yesterday's rally.
