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Sector Update: Consumer Stocks Gain Late Afternoon
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Sector Update: Consumer Stocks Gain Late Afternoon
Jun 23, 2025 1:31 PM

04:04 PM EDT, 06/23/2025 (MT Newswires) -- Consumer stocks advanced late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 1.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 2%.

In corporate news, Zillow ( ZG ) has been sued by real estate brokerage Compass (COMP) for allegedly violating antitrust laws by using "anticompetitive tactics to protect its monopoly and revenues," according to a lawsuit filed Monday in the US District Court for the Southern District of New York. Zillow ( ZG ) shares were rising 1.2% and Compass was adding 2%.

Tesla (TSLA) started offering rides in its Robotaxis on Sunday in Austin, Texas, with Wedbush Securities saying the trips exceeded expectations. Tesla shares jumped 8.2%.

SpartanNash ( SPTN ) shares jumped nearly 51% after the company agreed to be acquired by C&S Wholesale Grocers for $1.77 billion, including debt.

Hormel Foods ( HRL ) named Jeffrey Ettinger, a board member, as interim chief executive officer and appointed John Ghingo, executive vice president for retail, as president, effective July 14. Hormel stock rose 1.5%.

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