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

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Sector Update: Consumer

Aug 29, 2025 10:06 AM

12:59 PM EDT, 08/29/2025 (MT Newswires) -- Consumer stocks were mixed Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 1.1%.

In corporate news, Alibaba ( BABA ) reported better-than-expected fiscal Q1 earnings on Friday, although revenue fell short of estimates despite double-digit growth in the Chinese e-commerce giant's cloud business. Its shares rose past 13%.

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