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Sector Update: Consumer Stocks Advance in Afternoon Trading
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Sector Update: Consumer Stocks Advance in Afternoon Trading
Feb 6, 2025 11:18 AM

01:54 PM EST, 02/06/2025 (MT Newswires) -- Consumer stocks were rising Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) and the Consumer Discretionary Select Sector SPDR Fund (XLY) each adding 0.3%.

In corporate news, Ralph Lauren ( RL ) shares surged past 11% after the company reported fiscal Q3 adjusted earnings and sales that beat market expectations.

Philip Morris International ( PM ) issued an upbeat full-year earnings outlook on Thursday as the tobacco company reported Q4 results above market expectations amid robust demand for its smoke-free products and ZYN nicotine pouches. Its shares jumped past 10%.

Ford (F) shares fell past 6% as the automaker projected lower profitability in 2025 on a year-over-year basis amid market headwinds despite reporting Q4 results above Wall Street's estimates.

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