Sector Update: Consumer-February 2024-www.financetom.com

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Sector Update: Consumer

May 9, 2024 10:42 AM

01:28 PM EDT, 05/09/2024 (MT Newswires) -- Consumer stocks were rising Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.9%.

In corporate news, Yeti (YETI) reported stronger-than-expected gains in Q1 results on Thursday and upped its full-year per-share earnings target, while conservatively reiterating its sales guidance amid an uncertain environment. Its shares jumped 12%.

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