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Sector Update: Consumer
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Sector Update: Consumer
Mar 5, 2024 12:51 PM

03:26 PM EST, 03/05/2024 (MT Newswires) -- Consumer stocks were mixed late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 1.5%.

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, Stellantis ( STLA ) on Tuesday announced the launch of an all-electric muscle car under the Dodge brand name. Its shares rose 0.8%.

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