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Sector Update: Consumer
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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%.

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