Stock Market Update
05-Mar-26 11:05 ET
Consumer staples sector lags
Dow -687.31
at 48050.99,
Nasdaq -72.29
at 22735.21,
S&P -44.82
at 6826.67
[BRIEFING.COM] The major averages continue to trade lower across the board, though a solid gain in the top-weighted information technology sector (+0.7%) limits the damage at the index level.
Meanwhile, the consumer staples sector (-2.0%) is sharply lower today, facing broad pressure and weak leadership from its largest components.
Walmart (WMT 122.64, -5.17, -4.05%) was downgraded to Hold from Buy at Erste Group, while Costco (COST 984.36, -22.38, -2.22%) trades lower ahead of its earnings release this afternoon.
Despite the broader weakness, Kroger (KR 70.01, +2.02, +2.97%) is a standout after beating Q4 EPS expectations and issuing in-line EPS guidance for FY27.
