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Sector Update: Consumer Stocks Mixed Friday Afternoon
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Sector Update: Consumer Stocks Mixed Friday Afternoon
Feb 21, 2025 11:05 AM

01:42 PM EST, 02/21/2025 (MT Newswires) -- Consumer stocks were mixed Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 2.3%.

In corporate news, Celsius (CELH) agreed to buy energy drink maker Alani Nutrition for $1.8 billion in cash and stock. Celsius shares jumped 29%.

Tesla (TSLA) is being approached by a Japanese group with a proposal for an investment in Nissan following the failure of its merger attempt with Honda (HMC), The Financial Times reported. Tesla shares were falling 3.8%.

Ford (F) plans to recall over 240,000 cars in the US because of possible problems with their seat belts, Reuters reported. Ford shares were down 1%.

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