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Sector Update: Consumer
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Sector Update: Consumer
Oct 18, 2024 4:57 PM

03:29 PM EDT, 10/18/2024 (MT Newswires) -- Consumer stocks were mixed late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) fractionally lower and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.4%.

In corporate news, MGP Ingredients ( MGPI ) shares plunged 24%. The company late Thursday reported preliminary Q3 adjusted earnings and revenue that missed analyst expectations and cut its full-year guidance for both earnings and sales.

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