Sector Update: Consumer-January 2024-www.financetom.com

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Sector Update: Consumer

May 9, 2024 1:03 PM

03:29 PM EDT, 05/09/2024 (MT Newswires) -- Consumer stocks advanced late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 0.8%.

In corporate news, Tapestry (TPR) lowered its fiscal 2024 revenue guidance while reiterating its earnings forecast following mixed Q3 results with the top line hurt by declines in North America and China. The stock rose 2.8%.

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