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Sector Update: Consumer
Aug 20, 2024 1:19 PM

03:35 PM EDT, 08/20/2024 (MT Newswires) -- Consumer stocks were mixed late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) easing 0.1%.

Redbook US same-store sales last week rose 4.9% from a year earlier after a 4.7% increase in the previous week.

In corporate news, Hawaiian Airlines parent Hawaiian Holdings ( HA ) said the time period for the US Department of Justice to complete its review of the proposed merger with Alaska Air ( ALK ) ended without objection. Alaska Air ( ALK ) shares rose 0.3%, and Hawaiian Holdings ( HA ) jumped 11%.

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