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Sector Update: Consumer
Nov 12, 2024 11:03 AM

01:33 PM EST, 11/12/2024 (MT Newswires) -- Consumer stocks were mixed Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.4%.

Redbook US same-store sales last week rose 4.8% from a year earlier, slower than a 6% increase in the previous week.

In corporate news, Shopify ( SHOP ) shares surged 24% after Q3 revenue increased more than Wall Street's expectations amid double-digit gross merchandise volume gains.

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