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Sector Update: Consumer Stocks Fall in Afternoon Trading
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Sector Update: Consumer Stocks Fall in Afternoon Trading
Sep 6, 2024 10:52 AM

01:38 PM EDT, 09/06/2024 (MT Newswires) -- Consumer stocks fell Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 1.9%.

In corporate news, GameStop ( GME ) shares popped 5.4% after meme stock influencer Keith Gill, known as "Roaring Kitty," shared an image on X, his first post since June.

Bowlero ( BOWL ) shares jumped 8.7%, a day after the company reported fiscal Q4 revenue that rose more than forecast by analysts.

Toyota ( TM ) is planning to slow global electric vehicle production and informed suppliers of the decision, Nikkei reported. Toyota ( TM ) shares fell 2.8%.

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