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Sector Update: Consumer
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Sector Update: Consumer
Oct 22, 2024 12:44 PM

03:25 PM EDT, 10/22/2024 (MT Newswires) -- Consumer stocks were mixed late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.3%.

Redbook US same-store sales last week rose 4.6% from a year earlier versus the 5.6% gain in the previous week.

In corporate news, Verizon (VZ) shares fell 4.7% after the company reported a year-over-year decline in Q3 adjusted earnings and operating revenue.

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