The stock market declined on Tuesday as a steep sell-off in AI and semiconductor shares dragged major indexes lower from their recent highs. Investor concerns about possible Federal Reserve tightening also weighed on growth stocks.
Overall, S&P 500 slid 1.4% to 7,365, while Nasdaq dropped 2.2% to 25,587.
Chart of the Day
Here is the one-year chart of Grainger (GWW) as of May 20, 2026, when the stock was at $1244.
Profits grew 18% year-versus estimates of 3%, while revenue rose 10% and beat estimates of 4%. Growth was led by the Endless Assortment segment, which had sales growth of 20%, driven by continued strength at Zoro (+19%) and MonotaRO (+24%). Meanwhile, High-Touch Solutions sales increased 11% due to solid volume and improved pricing as tariff costs were passed through to customers.
Following its strong performance last quarter, analysts raised 2026 profit estimates from $43.57 to $45.58.
GWW is on the radar of the Conservative Growth Portfolio.
