Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.2%), Nasdaq Composite (+0.5%), and DJIA (-0.2%) are off their session highs as the information technology sector (-0.6%) has seen its early gain nearly halved and the consumer discretionary sector (-0.1%) retreats beneath its flatline.

In corporate news, starting October 1, 2025, DoorDash (DASH 269.90, +7.43, +2.83%) will offer full grocery delivery from nearly 2,700 Kroger (KR 65.76, +0.30, +0.46%)-owned stores across the U.S., marking a significant expansion from its previous offerings of sushi, flowers, and prepared meals from select locations.

The expanded partnership is likely to increase gross order volume, total orders, and adjusted EBITDA, while intensifying competition for other grocery delivery platforms.

Meanwhile, Instacart (CART 39.46, -2.86, -6.76%) trades sharply lower following the announcment reflecting investor concern over increased competition in the grocery delivery sector.