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Sector Update: Consumer
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Sector Update: Consumer
Jan 27, 2025 10:53 AM

01:30 PM EST, 01/27/2025 (MT Newswires) -- Consumer stocks were mixed Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) rising 2.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) fractionally lower.

In corporate news, Spotify ( SPOT ) and Universal Music Group said Sunday they have signed multiyear agreements to collaborate on recorded music and music publishing. Spotify ( SPOT ) shares eased 0.4%.

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