financetom
Business
financetom
/
Business
/
Sector Update: Consumer
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Consumer
Dec 10, 2024 12:52 PM

03:21 PM EST, 12/10/2024 (MT Newswires) -- Consumer stocks were higher late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.3%.

Redbook US same-store sales rose by 4.2% from a year earlier in the week ended Dec. 7, slower than a 7.4% year-over-year increase in the previous week.

In corporate news, AutoZone ( AZO ) reported weaker-than-expected fiscal Q1 results as the auto parts retailer's domestic same-store sales lagged Wall Street's estimates. Its shares were still adding 0.7%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US, Vietnam agree to launch trade deal talks as tariffs paused
US, Vietnam agree to launch trade deal talks as tariffs paused
Apr 9, 2025
HANOI (Reuters) - The United States and Vietnam have agreed to launch negotiations for a trade agreement, the Vietnamese government said on Thursday, hours after the U.S. paused the implementation of a 46% tariff rate on Vietnam's exports for 90 days. The two countries will consider removing as many non-tariff barriers as possible, the government said in a statement released...
Nicaraguan President Ortega meets with Huawei executives
Nicaraguan President Ortega meets with Huawei executives
Apr 9, 2025
April 9 (Reuters) - Nicaraguan President Daniel Ortega met with a Chinese delegation in Managua, made up of Huawei executives, official media reported on Wednesday. Ortega said that Nicaragua is willing to continue expanding cooperation with Chinese companies, according to the report. ...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Trump signs executive order seeking to revitalize US shipbuilding
Trump signs executive order seeking to revitalize US shipbuilding
Apr 9, 2025
By Andrea Shalal, Jonathan Saul and Lisa Baertlein WASHINGTON (Reuters) -U.S. President Donald Trump signed an executive order on Wednesday aimed at reviving U.S. shipbuilding and reducing China's grip on the global shipping industry, vowing to boost funding for the effort in coming years. Republican and Democratic U.S. lawmakers for years have warned about China's growing dominance on the seas...
Copyright 2023-2026 - www.financetom.com All Rights Reserved