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Sector Update: Consumer
Feb 7, 2025 10:58 AM

01:36 PM EST, 02/07/2025 (MT Newswires) -- Consumer stocks were lower Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.3%.

In corporate news, Newell Brands' ( NWL ) Q4 earnings came in ahead of Wall Street estimates, but revenue missed expectations, while the consumer products manufacturer issued a surprise loss outlook for the ongoing three-month period. The company's shares fell more than 28% in recent trading.

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