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Sector Update: Consumer

Nov 3, 2024 3:09 PM

03:25 PM EDT, 10/30/2024 (MT Newswires) -- Consumer stocks were mixed late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.1%.

In corporate news, Standard Motor Products ( SMP ) shares surged 17% after the company reported higher non-GAAP earnings and revenue in Q3, while maintaining its outlook for 2024.

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