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Sector Update: Consumer
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Sector Update: Consumer
Mar 15, 2024 11:05 AM

01:33 PM EDT, 03/15/2024 (MT Newswires) -- Consumer stocks were lower Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) decreasing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 1%.

In corporate news, McDonald's (MCD) temporarily closed some restaurants Friday following a tech outage that impacted its app and hindered customers' ability to place orders in certain regions. The fast food giant's shares were falling 0.7% in recent trading.

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