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Sector Update: Consumer
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Sector Update: Consumer
Nov 15, 2024 11:22 AM

01:27 PM EST, 11/15/2024 (MT Newswires) -- Consumer stocks were lower Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1%.

In corporate news, Spectrum Brands' ( SPB ) fiscal Q4 earnings declined more than expected, while sales beat analysts' estimates amid volume gains in home and garden, as well as global pet care. Its shares fell 5.3%.

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