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Sector Update: Consumer
Mar 5, 2024 11:00 AM

01:32 PM EST, 03/05/2024 (MT Newswires) -- Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 1.1%.

Redbook US same-store sales rose by 3.1% from a year earlier in the week ended March 2 after a 2.7% year-over-year increase in the previous week.

In corporate news, Stitch Fix ( SFIX ) tumbled 19% as several brokerages cut their price targets on the company's stock after fiscal Q2 revenue trailed estimates.

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