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Sector Update: Consumer
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Sector Update: Consumer
Jun 10, 2024 1:00 PM

03:31 PM EDT, 06/10/2024 (MT Newswires) -- Consumer stocks were mixed late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) decreasing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.4%.

In corporate news, the US Court of Appeals for the Ninth Circuit rejected Monday an appeal by Uber ( UBER ) , Postmates and two individuals challenging the constitutionality of a California law that requires the companies to treat gig workers as employees rather than independent contractors. Uber ( UBER ) shares fell 0.5%.

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