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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 22, 2024 7:22 PM

01:48 PM EDT, 09/19/2024 (MT Newswires) -- Consumer stocks were mixed Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 2.4%.

In corporate news, Darden Restaurants ( DRI ) maintained its full-year outlook on Thursday despite reporting lower-than-expected fiscal Q1 results amid slowing traffic in July. Darden and Uber ( UBER ) said Thursday they signed a multi-year exclusive delivery partnership. Darden shares jumped nearly 9% and Uber ( UBER ) was up 3%.

Steelcase's ( SCS ) fiscal Q2 results rose year-over-year but the office furniture maker recorded fewer orders from large corporate customers and most international markets. Its shares tumbled 6.3%.

Builders FirstSource ( BLDR ) shares rose 3.4% after it said Thursday that its chief financial officer will assume the chief executive role in November when the building material supplier's current CEO retires.

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