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

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Sector Update: Consumer

Aug 16, 2024 12:36 PM

01:37 PM EDT, 08/16/2024 (MT Newswires) -- Consumer stocks were higher Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.6%.

In corporate news, Madison Square Garden Entertainment ( MSGE ) shares jumped 6.3%. The company said Friday that it swung to a fiscal Q4 profit year over year as higher event-related revenue and food and beverage sales helped drive a double-digit topline gain.

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