Stock Market Update
07-Oct-25 12:00 ET
Consumer discretionary sector lags
Dow -171.91
at 46522.85,
Nasdaq -190.60
at 22751.08,
S&P -35.96
at 6704.31
[BRIEFING.COM] The S&P 500 (-0.5%), Nasdaq Composite (-0.8%), and DJIA (-0.3%) continue to chart new session lows as the broader market retreats.
Only the defensive consumer staples (+0.9%), utilities (+0.8%), and health care (+0.4%) sectors remain in positive territory, a stark contrast to yesterday's mega-cap and semiconductor-led advance.
The consumer discretionary sector (-1.2%) holds the widest loss so far. The sector faces losses in all but two of its components, with Tesla (TSLA 437.18, -16.07, -3.55%) giving back over half of yesterday's advance.
Homebuilder names are also under pressure today, with the iShares U.S. Home Construction ETF down 2.8%. In addition to a call-out by President Trump on Truth Social yesterday, a handful of homebuilder stocks were downgraded by Evercore ISI this morning.
