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Sector Update: Consumer Stocks Mixed Tuesday Afternoon
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Sector Update: Consumer Stocks Mixed Tuesday Afternoon
Jan 28, 2025 11:18 AM

01:56 PM EST, 01/28/2025 (MT Newswires) -- Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) falling 1.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.2%.

Redbook US same-store sales last week rose 4.9% from a year earlier after a 4.5% increase in the previous week.

In corporate news, General Motors ( GM ) reported $5 billion in Q4 charges as adjusted earnings and revenue topped market expectations, while the full-year profit estimate beat forecasts. The shares slumped 8.6%.

Royal Caribbean Group (RCL) shares jumped 13% after it reported higher Q4 adjusted net income and revenue.

JetBlue Airways' ( JBLU ) Q4 results came in better than expected on Tuesday, but the airline said it expects operating expenses to continue growing this year. Its shares dropped 27%.

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