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Sector Update: Consumer
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Sector Update: Consumer
Aug 22, 2025 10:23 AM

01:15 PM EDT, 08/22/2025 (MT Newswires) -- Consumer stocks advanced Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 2.7%.

In corporate news, Best Buy ( BBY ) is expected to deliver a fiscal Q2 earnings beat, though there are concerns that potential price hikes could impact discretionary demand ahead, Wedbush Securities said Friday. Best Buy ( BBY ) shares were rising 4.3%.

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