Beer Is Buzzing as Staples Shares Rise, Tech Stocks Droop

Group 1 - The S&P 500's consumer staples sector was the best-performing sector, up approximately 1.1%, as tech stocks pulled the benchmark index lower [2][4] - Molson Coors (TAP) was the best-performing stock in the index, rising about 5%, with other top gainers including JM Smucker (SJM), Campbell Soup (CPB), and Constellation Brands (STZ) [3] - Constellation Brands updated its full-year guidance, increasing the low end of its earnings per share (EPS) outlook [3] Group 2 - Most consumer staples stocks were performing well, with exceptions including Costco Wholesale (COST), Target (TGT), and Dollar Tree (DLTR), which were among the few retailers declining [4] - Dollar Tree's shares were slipping ahead of its second-quarter financial results, expected to be released soon [4]