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Sector Update: Consumer

Nov 11, 2024 10:52 AM

01:30 PM EST, 11/11/2024 (MT Newswires) -- Consumer stocks were rising Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 1.3%.

In corporate news, Aramark ( ARMK ) reported higher fiscal Q4 results on Monday as fans spent more in sports stadiums and inflation steadied, driving an 11% increase in its dividend and a forecast for earnings and revenue growth in the current year. Its shares added nearly 1%.

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