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Sector Update: Consumer Stocks Rise Late Afternoon
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Sector Update: Consumer Stocks Rise Late Afternoon
Jul 21, 2025 1:20 PM

03:50 PM EDT, 07/21/2025 (MT Newswires) -- Consumer stocks were higher late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.6%.

In corporate news, Airbnb ( ABNB ) is facing a lawsuit from Los Angeles, which accuses the home rental company of allowing price gouging on at least 2,000 properties during January's Southern California wildfires, City Attorney Hydee Feldstein Soto said Friday. Airbnb ( ABNB ) shares were shedding 0.8%.

Verizon Communications ( VZ ) lifted the lower end of its full-year earnings growth outlook, as it reported better-than-expected Q2 results. Its shares popped 4.2%.

Uber ( UBER ) is suing a group of personal injury lawyers and medical providers who it alleges have made fraudulent insurance claims against the company that have forced Uber ( UBER ) to spend millions in legal fees, a case filed with the Central District of California showed. Uber ( UBER ) shares rose 0.5%.

Domino's Pizza (DPZ) reported fiscal Q2 earnings below Wall Street's estimates as comparable sales growth in the US slowed down year on year. Its shares fell 1.5%.

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