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Sector Update: Consumer Stocks Mixed in Afternoon Trading
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Sector Update: Consumer Stocks Mixed in Afternoon Trading
Sep 17, 2024 11:13 AM

01:52 PM EDT, 09/17/2024 (MT Newswires) -- Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.6%.

Redbook US same-store sales rose by 4.6% from a year earlier in the week ended Sept. 14, slower than a 6.5% year-over-year increase in the previous week.

In corporate news, Walmart ( WMT ) is increasing pay for employees working for its Sam's Club membership club division by between 3% and 6%, depending on how long they've worked for the company, the retailer said Tuesday. Walmart ( WMT ) shares retreated 2.3%.

Ferguson's (FERG) fiscal Q4 earnings came in ahead of market estimates while revenue missed expectations as residential end markets in the US "remained muted." Its shares rose 5%.

Ryanair (RYAAY) expects a six-week delay in aircraft deliveries due to an ongoing strike at Boeing (BA), Bloomberg reported Tuesday. Ryanair shares were rising 3.8%.

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