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Sector Update: Consumer
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Sector Update: Consumer
Oct 11, 2024 11:08 AM

01:32 PM EDT, 10/11/2024 (MT Newswires) -- Consumer stocks were mixed Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.3%.

In corporate news, Tesla (TSLA) shares tumbled 7.8%. The company's "We, Robot" event lacked details and updates on several important fronts, leaving analysts at Morgan Stanley and Oppenheimer disappointed.

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