Sector Update: Consumer-March 2024-www.financetom.com

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Sector Update: Consumer

Nov 13, 2024 8:53 AM

08:49 AM EST, 11/13/2024 (MT Newswires) -- Consumer stocks were advancing pre-bell Wednesday as the Consumer Staples Select Sector SPDR Fund (XLP) was up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was 1.1% higher recently.

CAVA Group ( CAVA ) shares rose past 16% after the company reported higher fiscal Q3 earnings and revenue. The company also raised its 2024 same-restaurant sales growth outlook.

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