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 19, 2024 11:14 AM

01:29 PM EDT, 08/19/2024 (MT Newswires) -- Consumer stocks were higher Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1%.

In corporate news, Estee Lauder ( EL ) issued a downbeat earnings outlook for fiscal 2025 amid continued softening demand in China, while the company said Chief Executive Fabrizio Freda plans to retire next year. Its shares were up 0.4%.

Previous page： Europeans seek 'digital sovereignty' as US tech firms embrace Trump Next page： Head of Russia's Rosneft says OPEC+ could speed up oil output hikes by a year

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 >

Europeans seek 'digital sovereignty' as US tech firms embrace Trump

Jun 21, 2025

* European demand growing for locally-based tech services * Companies and users cite worries about privacy, politics * European companies, governments champion digital sovereignty * US tech companies still dwarf alternative providers By Thomas Escritt BERLIN, June 21 (Reuters) - At a market stall in Berlin run by charity Topio, volunteers help people who want to purge their phones of...

Head of Russia's Rosneft says OPEC+ could speed up oil output hikes by a year

Jun 21, 2025

* Sechin: No oil glut seen long-term * Sechin: OPEC+ may speed up oil output by a year * Putin agrees with OPEC assessment of high oil demand (Recasts, adds quotes, background throughout) By Olesya Astakhova and Vladimir Soldatkin ST PETERSBURG, Russia, June 21 (Reuters) - OPEC+ group of leading global oil producers could bring forward its output hikes by...

Google agrees $36 million fine for anti-competitive deals with Australia telcos

Aug 17, 2025

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

Toyota to raise US auto prices by average $270 from July

Jun 21, 2025

June 20 (Reuters) - Japanese carmaker Toyota Motor ( TM ) said on Saturday it will raise prices for some vehicles sold in the United States by an average of $270 starting in July. The automaker's decision follows U.S. President Donald Trump's imposition of a 25% tariff on imported vehicles and auto parts. A Toyota ( TM ) spokesperson, however,...