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

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Sector Update: Consumer

Nov 6, 2025 10:24 AM

01:01 PM EST, 11/06/2025 (MT Newswires) -- Consumer stocks were falling Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 2.1%.

In corporate news, CarMax ( KMX ) shares dropped 21% after the company said Thursday it has named board member David McCreight as interim president and chief executive, succeeding Bill Nash. Nash is stepping down from his position effective Dec. 1. CarMax ( KMX ) also said Thursday it expects Q3 net earnings per diluted share of $0.18 to $0.36, including $0.09 of non-recurring expenses related to the leadership change and workforce reductions.

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