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Sector Update: Consumer
May 17, 2024 12:39 PM

03:29 PM EDT, 05/17/2024 (MT Newswires) -- Consumer stocks were mixed late Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.3%.

In corporate news, Chief Administrative Law Judge D. Michael Chappell denied without prejudice the Federal Trade Commission's motion to compel Kroger ( KR ) and Albertsons ( ACI ) to produce documents on their divestiture plans as part of their proposed merger. Kroger ( KR ) shares fell 0.7%, and Albertsons ( ACI ) dropped 1%.

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