financetom
Business
financetom
/
Business
/
Sector Update: Consumer
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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.

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 >
Activist Elliott takes multibillion-dollar stake in Synopsys, WSJ reports
Activist Elliott takes multibillion-dollar stake in Synopsys, WSJ reports
Mar 22, 2026
March 22 (Reuters) - Activist investor Elliott Investment Management has a multibillion-dollar investment in Synopsys, the Wall Street Journal reported on Sunday, citing people familiar with the matter. Elliott plans to engage with Synopsys ( SNPS ) to push the business to make more money from its software and services, the report said.  There is a clear opportunity for Synopsys' (...
US energy, interior secretaries meet executives amid market turmoil 
US energy, interior secretaries meet executives amid market turmoil 
Mar 22, 2026
By Arathy Somasekhar and Georgina McCartney HOUSTON, March 22 (Reuters) - U.S. Energy Secretary Chris Wright and Interior Secretary Doug Burgum discussed everything from raising domestic oil output to opportunities in Venezuela with energy executives in Houston on Sunday amid the world's worst supply disruption, due to the U.S.-Israeli war on Iran. The meeting took place over dinner on the...
Meta's Zuckerberg developing AI agent to help with his CEO duties, WSJ reports
Meta's Zuckerberg developing AI agent to help with his CEO duties, WSJ reports
Mar 22, 2026
March 22 (Reuters) - Meta Chief Executive Mark Zuckerberg is building a CEO agent to help him do his job, the Wall Street Journal reported on Sunday, citing a person familiar with the project. * The AI agent is helping Zuckerberg get information faster by retrieving answers for him that he would typically have to go through layers of people...
Kpop agency HYBE shares drop after boyband BTS comeback concert
Kpop agency HYBE shares drop after boyband BTS comeback concert
Mar 22, 2026
SEOUL, March 23 (Reuters) - Shares of Kpop agency HYBE fell 14.5% to a four-month low on Monday after a weaker-than-expected turnout at its boyband BTS' comeback concert. Shares traded down 14.5% at 294,000 won as of 0210 GMT, their lowest since December 16, 2025. They will post the biggest percentage fall since June 15, 2022, if the loss holds....
Copyright 2023-2026 - www.financetom.com All Rights Reserved