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Sector Update: Consumer
Aug 20, 2024 12:36 PM

01:31 PM EDT, 08/20/2024 (MT Newswires) -- Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.2%.

Redbook US same-store sales rose by 4.9% from a year earlier in the week ended Aug. 17 after a 4.7% year-over-year increase in the previous week.

In corporate news, Lowe's (LOW) cut its full-year outlook on Tuesday due to lower-than-expected do-it-yourself business sales and a challenging macroeconomic environment, while the company's fiscal Q2 results fell year over year. Its shares fell 1.4% in recent trading.

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