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Sector Update: Consumer
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Sector Update: Consumer
Oct 10, 2024 4:32 PM

01:36 PM EDT, 10/10/2024 (MT Newswires) -- Consumer stocks were mixed Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) marginally higher.

In corporate news, Delta Air Lines ( DAL ) issued a weak Q4 earnings outlook amid expectations for subdued travel demand around the US Presidential elections in November, as the air carrier's bottom line fell short of market estimates in the prior three-month period while revenue beat Wall Street forecasts. Delta shares were shedding 1.3%.

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