Stock Market Update

[BRIEFING.COM] The major averages now trade in a relatively stable range, modestly beneath their baselines. 

While this morning's economic data and subsequent impact on rate cut expectations have garnered the majority of today's coverage, the market has also digested the week's largest batch of earnings reports. While most companies beat expectations, price action has varied. 

KB Home (KBH 62.84, +0.46, +0.74%) trades modestly higher after beating EPS expectations by $0.11 but lowering its FY25 housing revenue guidance. 

Accenture (ACN 234.10, -4.98, -2.08%) fell to its lowest level since November 2020 after beating EPS and revenue expectations and issuing in-line FY26 guidance. 

Jabil (JBL 211.15, -14.13, -6.27%) is the worst performer in the information technology sector (-0.1%) despite beating Q4 expectations and issuing above-consensus guidance for Q1 and FY26.

Meanwhile, CarMax (KMX 45.74, -11.31, -19.82%) is a drag on the consumer discretionary sector (-1.0%) after missing EPS expectations by $0.40.