financetom
Business
financetom
/
Business
/
Sector Update: Consumer
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Explainer-What impact will US plans to restrict copper scrap exports have?
Explainer-What impact will US plans to restrict copper scrap exports have?
Jul 31, 2025
LONDON (Reuters) -The United States is planning to restrict scrap copper exports from 2027, requiring that at least 25% of so-called high-quality scrap be retained for domestic use. In the near-term the measure is unlikely to have much impact as the U.S. already consumes more than 40% of the copper scrap it generates, analysts say. HOW TO POLICE AN OPAQUE...
Sempra Signs LNG Supply Deal With JERA
Sempra Signs LNG Supply Deal With JERA
Jul 31, 2025
10:31 AM EDT, 07/31/2025 (MT Newswires) -- Sempra's ( SRE ) Sempra Infrastructure unit and JERA said Thursday they have signed a 20-year sale and purchase agreement for the supply of 1.5 million tonnes per year of liquefied natural gas offtake from the Port Arthur phase 2 project in Jefferson County, Texas. The companies said the LNG will be supplied...
LifeMD Appoints Shayna Webb Dray as COO
LifeMD Appoints Shayna Webb Dray as COO
Jul 31, 2025
10:31 AM EDT, 07/31/2025 (MT Newswires) -- LifeMD ( LFMD ) said Thursday it has named Shayna Webb Dray as chief operating officer, who recently served as the company's senior vice president of operations. The company also expanded its Chief Marketing Officer Jessica Friedeman's role to chief marketing and product officer, and promoted Jacob Ellison, vice president of analytics, to...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved