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

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Sector Update: Consumer

Sep 22, 2024 7:08 PM

01:39 PM EDT, 09/19/2024 (MT Newswires) -- Consumer stocks were mixed Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 2.4%.

In corporate news, Darden Restaurants ( DRI ) maintained its full-year outlook on Thursday despite reporting lower-than-expected fiscal Q1 results amid slowing traffic in July. Darden and Uber ( UBER ) said Thursday they signed a multiyear exclusive delivery partnership. Darden shares jumped nearly 9% and Uber ( UBER ) was up 3%.

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