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Sector Update: Consumer
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Sector Update: Consumer
May 21, 2024 11:02 AM

01:32 PM EDT, 05/21/2024 (MT Newswires) -- Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.2%.

In economic news, Redbook US same-store sales rose by 5.5% from a year earlier in the week ended May 18 after a 6.3% year-over-year increase in the previous week.

In corporate news, AutoZone ( AZO ) reported mixed fiscal Q3 results, with revenue missing Wall Street expectations amid flat domestic comparable sales. Its shares fell 3.9%.

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