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Sector Update: Consumer Stocks Mixed in Afternoon Trading

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Sector Update: Consumer Stocks Mixed in Afternoon Trading

May 26, 2025 6:09 AM

02:00 PM EDT, 05/12/2025 (MT Newswires) -- Consumer stocks were mixed Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 4.7%.

In corporate news, Fox (FOX) posted a rise in its fiscal Q3 earnings, while revenue topped market estimates as the Super Bowl LIX drove sharp gains in its ad sales. Shares rose 4%.

Chegg ( CHGG ) shares popped 4.8%. The firm reported Q1 adjusted loss $0.06 per share, reversing from a profit a year ago. Chegg ( CHGG ) also said it's laying off 22% of its staff to cut costs.

Caesars Entertainment ( CZR ) shares jumped past 6% after the company said it was selected by the Ontario Lottery and Gaming Corporation as a service provider in the Windsor Casino procurement process under a gaming modernization project.

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