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Sector Update: Consumer
Nov 9, 2024 11:30 AM

01:25 PM EST, 11/06/2024 (MT Newswires) -- Consumer stocks were mixed Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) falling 1.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) jumping 2.9%.

In corporate news, Tesla (TSLA) shares surged 15% after Donald Trump's victory in the US presidential election fueled bets that the electric vehicle maker stands to benefit.

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