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Sector Update: Consumer
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Sector Update: Consumer
Jun 24, 2024 1:03 PM

03:24 PM EDT, 06/24/2024 (MT Newswires) -- Consumer stocks were mixed late Monday 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 corporate news, Sony's ( SONY ) Sony Music, Warner Music's ( WMG ) Warner Records and Universal Music are seeking damages from artificial intelligence companies Suno and Udio over mass copyright infringement, Reuters reported Monday. Sony ( SONY ) shares added 0.8% and Warner Music ( WMG ) rose 1%.

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