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Sector Update: Consumer
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Sector Update: Consumer
Mar 19, 2024 1:20 PM

03:26 PM EDT, 03/19/2024 (MT Newswires) -- Consumer stocks rose late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) increasing 0.6%.

Redbook US same-store sales in the week ended March 16 rose 3.4% from a year earlier following a 3% increase in the previous week.

In corporate news, Gildan Activewear ( GIL ) has put itself up for sale following a three-month battle for control, the Globe and Mail reported Tuesday. Gildan shares jumped past 10%.

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