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Sector Update: Consumer
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Sector Update: Consumer
Jul 30, 2024 12:59 PM

03:36 PM EDT, 07/30/2024 (MT Newswires) -- Consumer stocks declined late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) and the Consumer Discretionary Select Sector SPDR Fund (XLY) both shedding 0.8%.

Redbook US same-store sales last week rose 4.5% from a year earlier after a 4.9% increase in the previous week.

In corporate news, JetBlue Airways ( JBLU ) said it's deferring $3 billion of capital expenditures through 2029 to improve cash flow, and the carrier posted a surprise Q2 profit. The stock jumped 12%.

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