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Sector Update: Consumer
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Sector Update: Consumer
Oct 17, 2024 12:54 PM

01:32 PM EDT, 10/15/2024 (MT Newswires) -- Consumer stocks were rising Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.3%.

Redbook US same-store sales rose 5.6% from a year earlier in the week ended Oct. 12, greater than the 5.4% increase in the previous week.

In corporate news, Albertsons ( ACI ) reported fiscal Q2 adjusted net income of $0.51 per diluted share, down from $0.63 a year earlier. Analysts polled by Capital IQ expected $0.48. Its shares rose 1.2%.

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