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Sector Update: Consumer
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Sector Update: Consumer
Nov 7, 2024 1:33 AM

03:33 PM EST, 11/05/2024 (MT Newswires) -- Consumer stocks rose late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) gaining 1.6%.

In corporate news, Yum Brands ( YUM ) reported weaker-than-expected Q3 results as the Middle East conflict eroded sales at KFC ( YUM ) and Pizza Hut divisions. Yum shares still climbed 1.7%.

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