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Sector Update: Consumer
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Sector Update: Consumer
Jul 16, 2024 11:04 AM

01:38 PM EDT, 07/16/2024 (MT Newswires) -- Consumer stocks rose Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) gaining 1.4%.

Redbook US same-store sales last week climbed 4.8% from a year earlier after a 6.3% increase in the previous week.

In corporate news, Taboola.com ( TBLA ) secured a deal with Apple ( AAPL ) to sell native advertising in the Apple News and Apple Stocks apps, Axios reported, citing Taboola Chief Executive Adam Singolda. Taboola shares jumped 7.6%, and Apple ( AAPL ) eased 0.3%.

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