financetom
Business
financetom
/
Business
/
Sector Update: Consumer
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Consumer
Jul 18, 2024 6:23 AM

09:01 AM EDT, 07/18/2024 (MT Newswires) -- Consumer stocks were mixed pre-bell Thursday as the Consumer Staples Select Sector SPDR Fund (XLP) declined 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was up 0.1% recently.

Domino's Pizza (DPZ) fell more than 14% after saying it expects to miss its 2024 target of opening 925 international outlets by up to 275 stores as its Domino's Pizza Enterprises franchisee faces challenges in both store openings and closures. The company also temporarily suspended its target of over 1,100 global net stores.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US Senate set to pass major online child safety reforms
US Senate set to pass major online child safety reforms
Jul 30, 2024
WASHINGTON, July 30 (Reuters) - The U.S. Senate is expected to pass major online child safety reforms in a vote on Tuesday, although the legislation, which has drawn mixed reactions from the tech industry, faces an uncertain fate in the House of Representatives. Two bills - the Children and Teens' Online Privacy Protection Act and the Kids Online Safety Act,...
BHP To Unlock South American Copper Riches: Partners With Lundin For Filo Acquisition
BHP To Unlock South American Copper Riches: Partners With Lundin For Filo Acquisition
Jul 30, 2024
BHP Group Limited ( BHP ) shares are trading lower today. The company and Lundin Mining Corp. ( LUNMF ) have agreed to jointly acquire all outstanding shares of Filo Corp. ( FLMMF ) for a total consideration of about C$4.1 billion, or C$33.00 per Filo ( FLMMF ) share.  The offer represents a 32.2% premium over Filo Corp.’s 30-day...
BP's Mixed Q2 Results: EPS Tops Estimates, Production Challenges, Raised Dividend & More
BP's Mixed Q2 Results: EPS Tops Estimates, Production Challenges, Raised Dividend & More
Jul 30, 2024
BP PLC ( BP ) shares are trading higher after the company reported second-quarter FY24 results. Sales and other operating revenues came in at $47.299 billion, missing the consensus of $52.925 billion. Hydrocarbon production was 899 mboe/d (-0.5% Y/Y), with underlying production rising 0.4% Y/Y mainly due to ramp-up of major projects, partly offset by base decline. The Renewables pipeline stood at 59.0GW (bp net), including...
FOCUS-Patients push back against Novo Nordisk move to scrap an insulin product
FOCUS-Patients push back against Novo Nordisk move to scrap an insulin product
Jul 30, 2024
* Patients want to keep Levemir insulin on market in U.S. * Novo Nordisk: other long-acting insulins are safe alternatives * Company under scrutiny in Congress over high price of Wegovy By Maggie Fick and Ahmed Aboulenein LONDON/WASHINGTON, July 30 (Reuters) - Novo Nordisk's decision to stop selling its long-acting insulin Levemir in the United States has left some diabetes...
Copyright 2023-2026 - www.financetom.com All Rights Reserved