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Sector Update: Consumer

Nov 3, 2024 2:13 PM

03:27 PM EDT, 10/29/2024 (MT Newswires) -- Consumer stocks were lower late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.4%.

Redbook US same-store sales rose by 5.6% from a year earlier in the week ended Oct. 26, above a 4.6% year-over-year increase in the previous week.

In corporate news, JetBlue Airways ( JBLU ) shares tumbled 17% after the company on Tuesday forecast a year-over-year decline in its Q4 and full-year 2024 revenue despite delivering a Q3 beat.

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