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

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Sector Update: Consumer

May 16, 2024 11:08 AM

01:30 PM EDT, 05/16/2024 (MT Newswires) -- Consumer stocks were mixed Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) climbing 1.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.3%.

In corporate news, Walmart ( WMT ) shares popped 6.4% after it reported higher fiscal Q1 adjusted earnings and revenue. The company also said it now expects to meet the high-end or "slightly" exceed its initial outlook for the full fiscal year.

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