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Sector Update: Consumer Stocks Mixed Monday Afternoon
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Sector Update: Consumer Stocks Mixed Monday Afternoon
Jan 6, 2025 11:14 AM

01:51 PM EST, 01/06/2025 (MT Newswires) -- Consumer stocks were mixed Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.1%.

In corporate news, Walt Disney ( DIS ) agreed to merge its Hulu + Live TV business with FuboTV ( FUBO ) in a deal that will give Disney ( DIS ) a 70% stake in its streaming peer and settle litigation related to the proposed Venu Sports venture. Disney ( DIS ) shares rose 0.5%, and FuboTV ( FUBO ) soared 246%.

Lucid (LCID) shares popped 4.7% after it said Monday that it produced 3,386 vehicles in Q4 and delivered 3,099, while for the full year it produced 9,029 vehicles and delivered 10,241.

Real Good Food ( RGF ) said Monday it received a notice from the Nasdaq stating that its securities will be suspended from trading on Tuesday and will subsequently be delisted. Its shares fell past 51%.

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