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Sector Update: Consumer Stocks Mixed in Afternoon Trading
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Sector Update: Consumer Stocks Mixed in Afternoon Trading
Dec 23, 2024 11:15 AM

01:52 PM EST, 12/23/2024 (MT Newswires) -- Consumer stocks were mixed Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.9% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.2%.

In corporate news, Nordstrom ( JWN ) agreed to be taken private by members of the founding Nordstrom ( JWN ) family and Mexican retailer El Puerto de Liverpool in a deal valued at $6.25 billion. Nordstrom ( JWN ) shares fell 1.9%.

Latin American online travel agency Despegar.com ( DESP ) shares surged past 32% after it said Monday that it agreed to be acquired and taken private by tech company Prosus in a deal valued at $1.7 billion.

Hyatt Hotels ( H ) is in exclusive talks to potentially buy Playa Hotels & Resorts ( PLYA ) , among other options being considered for the operator of resorts in Mexico, Jamaica and the Dominican Republic, the companies separately said on Monday. Hyatt shares were down 2.6% and Playa jumped nearly 28%.

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