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Sector Update: Consumer Stocks Advance in Afternoon Trading
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Sector Update: Consumer Stocks Advance in Afternoon Trading
Jan 21, 2025 11:20 AM

01:50 PM EST, 01/21/2025 (MT Newswires) -- Consumer stocks rose Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.5%.

In corporate news, Ford's (F) BlueCruise driver assistance system is under an engineering analysis by the National Highway Traffic Safety Administration to investigate further alleged limitations in detecting in-road stationary vehicles. Ford shares rose 1.9%.

New York Times ( NYT ) shares added 1.8%. The company has been discussing potential bundled subscription partnerships with smaller publishers to expand its subscriber base in the US, Axios reported.

New Oriental Education ( EDU ) shares tumbled 23%. The company reported fiscal Q2 non-GAAP net income of $0.22 per diluted American depositary share, down from $0.29 a year earlier.

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