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Sector Update: Consumer
Oct 3, 2024 1:08 AM

03:34 PM EDT, 09/24/2024 (MT Newswires) -- Consumer stocks were mixed late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.6%.

Redbook US same-store sales last week rose 4.4% from a year earlier, slower than a 4.6% increase in the previous week. Redbook cited slower sales as customer traffic reduced, back-to-school sales wind down and autumn apparel began selling in retail stores. Apparel sales also remained below expectations.

In corporate news, Thor Industries ( THO ) reported better-than-expected fiscal Q4 results and issued a downbeat full-year outlook as the maker of recreational vehicles expects softer market trends to continue in fiscal 2025. The shares still jumped 7.3%.

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