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Sector Update: Consumer
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Sector Update: Consumer
Nov 8, 2024 11:07 AM

01:33 PM EST, 11/08/2024 (MT Newswires) -- Consumer stocks rose Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 1.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) gaining 1.6%.

In corporate news, Paramount's (PARA) Q3 earnings unexpectedly rose, and revenue fell more than Wall Street estimated. The shares slumped 4.3%.

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