Sector Update: Consumer-February 2024-www.financetom.com

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Sector Update: Consumer

Nov 3, 2024 11:04 AM

03:30 PM EDT, 10/24/2024 (MT Newswires) -- Consumer stocks were mixed late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) jumping 3.2%.

In corporate news, Yum! Brands ( YUM ) shares declined 0.7% after the company's Taco Bell, Pizza Hut and KFC ( YUM ) divisions started removing fresh onions at some of their stores as a precautionary measure following an E. coli outbreak linked to McDonald's (MCD) restaurants, Bloomberg reported.

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