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Sector Update: Consumer Stocks Mixed in Afternoon Trading
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Sector Update: Consumer Stocks Mixed in Afternoon Trading
Oct 17, 2024 1:49 PM

01:51 PM EDT, 10/16/2024 (MT Newswires) -- Consumer stocks were mixed Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.2%.

In corporate news, United Airlines (UAL) shares jumped past 12%. The company reported Q3 adjusted earnings late Tuesday that beat market expectations as sales increased from a year ago. The carrier also unveiled a repurchase program of up to $1.5 billion.

Container Store ( TCS ) shares surged past 16% after it said late Tuesday that Beyond (BYON) agreed to invest $40 million in the company. Beyond shares were down 0.2%.

Hasbro ( HAS ) is close to a decision to move its headquarters to Boston from across the Massachusetts state line in Pawtucket, Rhode Island, the Boston Globe reported. Hasbro ( HAS ) shares rose 0.3%.

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