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Sector Update: Consumer
Dec 17, 2024 10:44 AM

01:27 PM EST, 12/17/2024 (MT Newswires) -- Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.2%.

Redbook US same-store sales rose by 4.8% from a year earlier in the week ended Dec. 14, faster than a 4.2% year-over-year increase in the previous week.

In corporate news, the Starbucks ( SBUX ) Workers United union said that 98% of union workers voted to authorize a strike, if necessary, ahead of the final stages of contract negotiations, Bloomberg reported. Starbucks ( SBUX ) shares were shedding 0.5%.

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