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

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Sector Update: Consumer

May 13, 2024 12:53 PM

03:30 PM EDT, 05/13/2024 (MT Newswires) -- Consumer stocks were slipping late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.2%.

In corporate news, Walmart ( WMT ) likely benefited from same-store sales momentum amid a strong pricing position in Q1, Deutsche Bank said in a note emailed Monday ahead of the retailer's results set for release on Thursday. Walmart ( WMT ) shares were fractionally higher.

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