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Sector Update: Consumer Stocks Mixed in Afternoon Trading
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Sector Update: Consumer Stocks Mixed in Afternoon Trading
Jul 18, 2024 11:12 AM

01:47 PM EDT, 07/18/2024 (MT Newswires) -- Consumer stocks were mixed Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) rising 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.1%.

In corporate news, Domino's Pizza's (DPZ) temporarily suspended its long-term outlook for global net store growth, while reporting Q2 results gained. The shares tumbled 14%.

Alaska Air ( ALK ) shares slumped 6.6% after the airline narrowed its full-year earnings outlook due to a new tentative labor deal with flight attendants and gave a downbeat bottom-line outlook for Q3.

Ford (F) shares added 1.6% as the company plans to expand production of its F-Series Super Duty pickup trucks with a $3 billion investment at a Canadian facility.

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