Sector Update: Consumer-March 2024-www.financetom.com

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Sector Update: Consumer

Aug 8, 2024 10:59 AM

01:37 PM EDT, 08/08/2024 (MT Newswires) -- Consumer stocks were rising Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 2.3%.

In corporate news, Monster Beverage ( MNST ) shares tumbled 11% as the company's Q2 results fell short of Wall Street's estimates amid softening demand and consumer spending.

Previous page： Hims & Hers Health Swings to Q3 Earnings, Revenue Rises; 2024 Guidance Raised Next page： Meta to extend ban on new political ads after U.S. election

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.

Show More Comments

Related Articles >

Hims & Hers Health Swings to Q3 Earnings, Revenue Rises; 2024 Guidance Raised

Nov 4, 2024

05:55 PM EST, 11/04/2024 (MT Newswires) -- Hims & Hers Health ( HIMS ) reported Q3 earnings late Monday of $0.32 per diluted share, swinging from a loss of $0.04 a year earlier. Analysts polled by Capital IQ expected EPS of $0.05. Revenue in the quarter ended Sept. 30 was $401.6 million, up from $226.7 million a year earlier. Analysts...

Meta to extend ban on new political ads after U.S. election

Nov 4, 2024

Nov 4 (Reuters) - Meta Platforms ( META ) will extend its ban on new political ads after the U.S. election, maintaining the suspension until later this week, the Facebook-parent said in a blog post on Monday. In response to the rampant spread of misinformation during the previous presidential election, tech firms are maintaining heightened scrutiny this year. During the...

Fertilizer Stocks Traded Higher On Monday: Here's Why

Nov 4, 2024

Fertilizer stocks, including Mosaic Company ( MOS ) and Nutrien Ltd ( NTR ) , got a lift on Monday after Belarusian President Alexander Lukashenko suggested a coordinated production cut in potash with Russian producers. What To Know: Lukashenko has proposed approaching Russian fertilizer producers to coordinate a 10% potash output cut in an effort to raise prices. He reportedly...

Sanmina Fiscal Q4 Non-GAAP Earnings Rise, Sales Decline -- Shares Advance After Hours

Nov 4, 2024

05:56 PM EST, 11/04/2024 (MT Newswires) -- Sanmina ( SANM ) reported fiscal Q4 non-GAAP earnings late Monday of $1.43 per diluted share, up from $1.42 a year earlier. Three analysts polled by Capital IQ expected $1.27. Net sales for the quarter that ended Sept. 28 was $2.02 billion, down from $2.05 billion a year earlier. Three analysts surveyed by...