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

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Sector Update: Consumer

Feb 20, 2025 1:00 PM

03:36 PM EST, 02/20/2025 (MT Newswires) -- Consumer stocks declined late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1%.

In corporate news, Hasbro ( HAS ) shares jumped 13% after it reported a surprise increase in Q4 profit and outlined a medium-term strategy, including targeting $1 billion of cost savings.

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