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Sector Update: Consumer
Dec 19, 2024 12:48 PM

03:25 PM EST, 12/19/2024 (MT Newswires) -- Consumer stocks were mixed late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.1%, and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.4%.

In corporate news, CarMax ( KMX ) expects comparable sales to improve sequentially in Q4, pointing to an acceleration so far in December compared with Q3's performance. Chief Executive Bill Nash told analysts on a conference call that the company expects comparable sales to be "stronger" on a sequential basis in Q4. CarMax ( KMX ) shares popped 4%.

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