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Sector Update: Consumer

Apr 10, 2025 10:54 AM

01:37 PM EDT, 04/10/2025 (MT Newswires) -- Consumer stocks were lower Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.9% and the Consumer Discretionary Select Sector SPDR Fund (XLY) slumping 5.2%.

In corporate news, CarMax's ( KMX ) shares tumbled nearly 17%. The company's fiscal Q4 earnings rose sharply year over year but missed Wall Street expectations, while it suspended the timeframes related to its long-term objectives due to macro uncertainties.

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