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Sector Update: Consumer Stocks Mixed in Late Afternoon Trading
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Sector Update: Consumer Stocks Mixed in Late Afternoon Trading
Apr 16, 2024 1:18 PM

03:52 PM EDT, 04/16/2024 (MT Newswires) -- Consumer stocks were mixed late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) rising 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) decreasing 0.5%.

In corporate news, Amazon.com's ( AMZN ) Prime membership grew to an estimated 180 million users in the US in the March quarter, an 8% increase from a year ago, according to a new report from Consumer Intelligence Research Partners. Amazon ( AMZN ) shares were fractionally higher.

Live Nation Entertainment ( LYV ) shares dropped more than 7% after the Wall Street Journal reported that the US Department of Justice is preparing an antitrust lawsuit against the company.

Planet Fitness ( PLNT ) shares dropped 3% after the company said it named Colleen Keating chief executive, effective June 10. Keating will succeed Craig Benson, who will continue as a company board member.

Domino's Pizza (DPZ) shares are likely to gain further thanks to accelerating growth and solid catalyst path, UBS said in a report Tuesday. The investment firm kept its buy rating on the stock while raising the price target to $570 from $526. Domino's shares were shedding 0.4%.

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