financetom
Market
financetom
/
Market
/
Sector Update: Consumer Stocks Mixed in Late Afternoon Trading
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Consumer Stocks Mixed in Late Afternoon Trading
Apr 25, 2024 1:14 PM

03:49 PM EDT, 04/25/2024 (MT Newswires) -- Consumer stocks were mixed in late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) decreasing 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.1%.

In corporate news, Inter Parfums ( IPAR ) shares plunged 10%, a day after the company reported Q1 net sales that trailed estimates by analysts.

Mama's Creations (MAMA) shares jumped 9.1%, a day after the company reported fiscal Q4 earnings that topped estimates by analysts.

Keurig Dr Pepper ( KDP ) reported stronger-than-expected Q1 financial results while announcing that Chief Operating Officer Tim Cofer will begin serving as chief executive officer on Friday. The shares rose 4.6%.

Southwest Airlines ( LUV ) lowered its 2024 revenue outlook amid Boeing (BA) delivery delays after reporting weaker-than-expected Q1 results, while American Airlines ( AAL ) swung to a bigger-than-expected quarterly loss. Southwest ( LUV ) shares tumbled 7.3%, and American rose 1.3%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved