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Sector Update: Consumer
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Sector Update: Consumer
Mar 26, 2024 10:53 AM

01:30 PM EDT, 03/26/2024 (MT Newswires) -- Consumer stocks were rising Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.6%.

Redbook US same-store sales rose by 3.9% from a year earlier in the week ended March 23 after a 3.4% year-over-year increase in the previous week.

In corporate news, Krispy Kreme (DNUT) shares jumped more than 26% after agreeing to supply its doughnuts to McDonald's (MCD) restaurants in the US, as part of an expanded partnership agreement with the fast food giant. McDonald's shares were slightly up.

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