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Sector Update: Consumer
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Sector Update: Consumer
Jun 14, 2024 11:02 AM

01:31 PM EDT, 06/14/2024 (MT Newswires) -- Consumer stocks were mixed Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.9%.

In corporate news, Tesla's (TSLA) investor Vanguard said it voted for Chief Executive Elon Musk's $56 billion pay package Thursday, marking a reversal from its initial vote against the package in 2018, when it was first approved by shareholders, Reuters reported Friday. Tesla shares were falling about 1.7%.

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