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

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Sector Update: Consumer

Dec 11, 2024 12:38 PM

03:21 PM EST, 12/11/2024 (MT Newswires) -- Consumer stocks were mixed in late Wednesday afternoon trading with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1.6%.

In corporate news, Figs (FIGS) shares surged 22%. The company received a takeover offer from private equity firm Story3 Capital Partners valuing it at over $1 billion, The Wall Street Journal reported Tuesday.

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