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Sector Update: Consumer
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Sector Update: Consumer
May 6, 2024 10:46 AM

01:27 PM EDT, 05/06/2024 (MT Newswires) -- Consumer stocks were mixed Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.7%.

In corporate news, Tyson Foods ( TSN ) swung to a fiscal Q2 profit year on year despite a surprise decline in revenue on Monday while the meat processor reiterated its outlook for flat sales in 2024. Its shares tumbled past 7%.

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