Stock Market Update
28-Sep-26 11:00 ET
Defensive sectors show relative strength as tech losses widen
Dow -397.49
at 51431.04,
Nasdaq -313.54
at 26776.22,
S&P -70.37
at 7673.14
[BRIEFING.COM] The major averages are charting session lows as losses widen across semiconductor and other tech names, with the information technology sector now down 1.3%.
Meanwhile, more defensive-oriented pockets of the market are seeing some modest gains amid the weakness in growth stocks. The consumer staples sector (+0.4%) is among the best-performing S&P 500 sectors, with Casey's General (CASY 611.15, +12.69, +2.12%), Dollar Tree (DLTR 116.49, +2.42, +2.12%), and Kroger (KR 59.81, +1.07, +1.82%) among the index's top components today.
The health care sector (+0.1%) also holds a modest gain, while rising Treasury yields continue to weigh on the utilities sector (-0.7%).
