Stock Market Update
06-Aug-25 11:05 ET
Consumer discretionary sector outperforms
Dow +107.52
at 44219.26,
Nasdaq +125.66
at 21040.83,
S&P +29.59
at 6328.78
[BRIEFING.COM] The DJIA (+0.2%) reaches its best level of the session, while the S&P 500 (+0.5%) and the Nasdaq Composite (+0.6%) hold modestly higher gains.
The consumer discretionary sector (+1.4%) is the best-performing S&P 500 sector, benefiting from a combination of earnings, upgrades, and momentum.
McDonald's (MCD 307.98, +9.21, +3.1%) is trading higher after reporting earnings results for Q2 that were noticeably better than recent quarters, with an EPS beat of $0.05 and a 5.4% rise in year-over-year revenues, the best metrics since 4Q23. The stock now trades above its 200-day moving average (301.22).
CarMax (KMX 57.57, +1.47, +2.6%) also trades higher after being upgraded to Neutral from Underweight at JPMorgan.
The sector also sees strong leadership in Tesla (TSLA 316.98, +8.26, +2.7%), which continues to trade higher following the announcement of a lucrative new stock package for CEO Elon Musk that seeks to keep him seated at the helm of the company.
