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Sector Update: Consumer
Mar 26, 2024 1:34 PM

03:26 PM EDT, 03/26/2024 (MT Newswires) -- Consumer stocks were higher late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.5%.

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, United Parcel Service ( UPS ) said it is targeting 2026 revenue of about $108 billion to $114 billion and an adjusted operating margin above 13%. Its shares were falling past 7%.

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