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Sector Update: Consumer Stocks Mixed in Late Afternoon Trading
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Sector Update: Consumer Stocks Mixed in Late Afternoon Trading
Feb 3, 2025 1:15 PM

03:58 PM EST, 02/03/2025 (MT Newswires) -- Consumer stocks were mixed late Monday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.2%.

In corporate news, fewer Tesla (TSLA) cars were registered in California during 2024 compared with 2023, the California New Car Dealers Association said. Tesla shares fell 5.2%.

Uber ( UBER ) is likely on course to report a sequential slowdown in Q4 gross bookings growth in the core ride hauling business, Deutsche Bank said. Uber ( UBER ) shares rose 1.1%.

Tyson Foods ( TSN ) raised its full-year revenue growth outlook as the meat producer reported better-than-expected fiscal Q1 results. The shares gained 2.5%.

Ford (F) sold 142,944 vehicles in January, down 6.3% from a year earlier. EV sales rose 21% to 5,666, and hybrid sales climbed 19% to 13,295. Ford shares fell 1.7%.

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