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Sector Update: Consumer
Dec 3, 2024 12:30 PM

03:14 PM EST, 12/03/2024 (MT Newswires) -- Consumer stocks were decreasing late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) easing 0.2%.

In economic news, Redbook US same-store sales jumped 7.4% from a year earlier in the week ended Nov. 30 after a 4.9% year-over-year increase in the previous week. Redbook noted brisk sales on Black Friday and the weekend.

In sector news, online spending on Cyber Monday advanced more than projected to a record $13.3 billion, according to Adobe Analytics' holiday shopping data.

In corporate news, the E. coli outbreak caused by onions served at McDonald's (MCD) that sickened more than 100 people in 14 states and sent 34 to the hospital earlier this year is officially over, the US Centers for Disease Control and Prevention said on Tuesday. McDonald's shares rose 0.4%.

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