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Sector Update: Consumer
Oct 2, 2024 10:33 PM

03:40 PM EDT, 10/01/2024 (MT Newswires) -- Consumer stocks were lower late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.3%.

Redbook US same-store sales rose by 5.3% from a year earlier in the week ended Sept. 28 after a 4.4% year-over-year increase in the previous week.

In corporate news, Sony's ( SONY ) music label will buy the rights to Pink Floyd's music for $400 million, the Financial Times reported. Sony ( SONY ) shares added 0.5%.

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