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

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Sector Update: Consumer

Jan 6, 2025 10:54 AM

01:38 PM EST, 01/06/2025 (MT Newswires) -- Consumer stocks were mixed Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.4%.

In corporate news, Walt Disney ( DIS ) agreed to merge its Hulu + Live TV business with FuboTV ( FUBO ) in a deal that will give Disney ( DIS ) a 70% stake in its streaming peer and settle litigation related to the proposed Venu Sports venture. Disney ( DIS ) shares rose 0.9%, and FuboTV ( FUBO ) soared 232%.

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