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Sector Update: Consumer
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Sector Update: Consumer
Jun 4, 2024 11:00 AM

01:31 PM EDT, 06/04/2024 (MT Newswires) -- Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.9% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.1%.

In economic news, Redbook US same-store sales growth slowed to 5.8% from a year ago during the week ended June 1 from a 6.3% gain in the previous week.

In corporate news, Bath & Body Works ( BBWI ) issued a downbeat fiscal Q2 earnings outlook on Tuesday, while the personal care and home fragrance retailer narrowed its full-year guidance. Its shares tumbled past 13%.

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