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Sector Update: Consumer Stocks Mixed in Afternoon Trading
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Sector Update: Consumer Stocks Mixed in Afternoon Trading
Nov 3, 2024 11:48 AM

01:48 PM EDT, 10/25/2024 (MT Newswires) -- Consumer stocks were mixed Friday afternoon, with the Consumer Staples Select Sector SPDR Fund ( XLP ) down 0.6% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) adding 0.2%.

In corporate news, the US Centers for Disease Control and Prevention said Friday that 26 new E. coli cases potentially linked to McDonald's (MCD) Quarter Pounders have been reported, bringing the total to 75. McDonald's shares dropped 3%.

Tapestry (TPR) said it plans to appeal a US federal court decision granting the US Federal Trade Commission's request to block the acquisition of Capri (CPRI). Tapestry shares jumped 13% and Capri plunged 47%.

Mohawk Industries ( MHK ) shares tumbled 12% after reporting overnight adjusted earnings guidance for Q4 that missed the average analyst estimate compiled by Capital IQ.

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