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Sector Update: Consumer
Feb 14, 2025 11:06 AM

01:35 PM EST, 02/14/2025 (MT Newswires) -- Consumer stocks were decreasing Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) easing 0.1%.

In corporate news, Airbnb's ( ABNB ) shares jumped nearly 15% after it outlined a full-year core earnings margin outlook that analysts said was higher than expected. Late Thursday, the company logged a bigger-than-projected Q4 profit as strong demand propelled revenue above Wall Street's estimates.

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