financetom
Business
financetom
/
Business
/
Sector Update: Consumer
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Consumer
Mar 19, 2025 12:53 PM

03:39 PM EDT, 03/19/2025 (MT Newswires) -- Consumer stocks were rising late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding less than 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 2%.

In corporate news, Ollie's Bargain Outlet (OLLI) shares popped 10%. The company said it expects fiscal 2025 results to increase on an annual basis. Ollie's anticipates adjusted earnings of $3.65 to $3.75 per share for the year ending Jan. 31, 2026. That compares with last year's $3.28, which rose nearly 13% annually.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ackman's hedge fund Pershing Square bets on Amazon, exits Canadian Pacific
Ackman's hedge fund Pershing Square bets on Amazon, exits Canadian Pacific
May 26, 2025
NEW YORK, May 22 (Reuters) - Billionaire investor Bill Ackman told clients on Thursday that his hedge fund bought Amazon ( AMZN ) shares last month, betting earnings will continue to grow at the online retailer as President Donald Trump's tariffs bite less than consumers initially feared. Ackman and his investment team updated clients on additions to the portfolio at...
Rio Tinto wins second major Chile lithium project at Altoandinos
Rio Tinto wins second major Chile lithium project at Altoandinos
May 26, 2025
SANTIAGO, May 22 (Reuters) - Chile's state-run mining body ENAMI has tapped Rio Tinto for a 51% share of the Altoandinos lithium project, it said on Thursday, giving the global miner its second major venture in Chile for extraction of the key battery metal. Rio said it would initially contribute $425 million to the project to fund studies required before...
GLP-1 diabetes drugs like Ozempic may modestly reduce cancer risks
GLP-1 diabetes drugs like Ozempic may modestly reduce cancer risks
May 26, 2025
May 22 (Reuters) - Widely used GLP-1 drugs for type 2 diabetes such as Novo Nordisk's Ozempic may modestly reduce the risk of obesity-related cancers, especially colorectal cancer, according to data released on Thursday ahead of a major medical meeting. Among more than 85,000 people with type 2 diabetes and obesity treated between 2013 and 2023 and followed for an...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved