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Sector Update: Consumer
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Sector Update: Consumer
Apr 23, 2024 12:58 PM

03:35 PM EDT, 04/23/2024 (MT Newswires) -- Consumer stocks rose late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) gaining 1.3%.

Redbook US same-store sales in the week ended April 20 rose 5.3% from a year earlier after a 4.9% increase in the previous week.

In corporate news, Goldman Sachs ( GS ) is in talks with private credit lenders seeking $250 million of capital to improve Beyond Meat's ( BYND ) liquidity, Bloomberg reported Tuesday. Beyond Meat ( BYND ) shares fell 0.7%.

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