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Sector Update: Consumer

Nov 22, 2024 12:48 PM

03:17 PM EST, 11/22/2024 (MT Newswires) -- Consumer stocks rose late Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 1.1%.

In corporate news, Walmart ( WMT ) is gearing up once again to exceed its bonus target for US employees this year due to its stock performance and healthy sales, Bloomberg reported. The retailer's shares popped over 1%.

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