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Sector Update: Consumer
Sep 17, 2024 8:59 PM

03:29 PM EDT, 09/17/2024 (MT Newswires) -- Consumer stocks were mixed late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.4%.

Redbook US same-store sales rose by 4.6% from a year earlier in the week ended Sept. 14, slower than a 6.5% year-over-year increase in the previous week.

In corporate news, BurgerFi International ( BFI ) shares surged 96% after the company said late Monday that it received interim court approval to access $3.5 million in debtor-in-possession financing from an affiliate of TREW Capital Management.

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