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Sector Update: Consumer
Oct 11, 2024 12:39 PM

03:29 PM EDT, 10/11/2024 (MT Newswires) -- Consumer stocks were mixed late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.3%.

In corporate news, Walmart ( WMT ) appointed Seth Dallaire as chief growth officer in the US, Bloomberg reported. Separately, Walmart ( WMT ) can improve its advertising, logistics, membership, and data monetization efforts by having more third-party sellers, UBS said in a note. UBS lifted Walmart's ( WMT ) price target to $92 from $81 while keeping its buy rating. Walmart ( WMT ) shares were adding 0.6%.

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