01:35 PM EDT, 10/03/2024 (MT Newswires) -- Consumer stocks were in the red Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) falling 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 1.3%.

In corporate news, Levi Strauss (LEVI) shares tumbled nearly 8% after the company overnight reported fiscal Q3 revenue that missed analysts' estimates and said it has started a formal review of strategic alternatives for its Dockers brand, including a potential sale.