Stock Market Update

[BRIEFING.COM] The major averages remain seated with losses just over 1.0% as only the defensive consumer staples (+0.3%) and health care (+0.1%) sectors manage to hold modest gains. 

The consumer discretionary sector (-2.1%) holds the widest loss as a majority of its components trade lower. Home Depot (HD 343.43, -14.60, -4.08%) is the worst performer in the sector after falling short of EPS expectations for the third consecutive quarter, with a $0.10 per share miss marking its largest EPS miss in over five years. The home improvement retailer also lowered its FY26 EPS guidance, now forecasting a 5% decline (to $14.48), versus prior estimates of a 2% decline, contributing to a steep drop in the stock this morning.