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Sector Update: Consumer
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Sector Update: Consumer
Mar 7, 2024 1:17 PM

03:39 PM EST, 03/07/2024 (MT Newswires) -- Consumer stocks advanced late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.8%.

In corporate news, Rivian Automotive ( RIVN ) shares jumped 14% after the company unveiled the R2, R3 and R3x vehicles built on its new midsize platform.

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