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

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Sector Update: Consumer

Jun 6, 2024 11:06 AM

01:33 PM EDT, 06/06/2024 (MT Newswires) -- Consumer stocks were higher Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.7%.

In corporate news, J.M. Smucker (SJM) reported better-than-expected fiscal Q4 earnings while guiding to annual sales growth in fiscal 2025. Its shares jumped 5%.

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