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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
May 7, 2024 1:08 PM

03:47 PM EDT, 05/07/2024 (MT Newswires) -- Consumer stocks were mixed late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.9% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.7%.

In economic news, J & J Snack Foods ( JJSF ) shares surged 16% in recent trading, a day after the company posted its fiscal Q2 results.

Coca-Cola Consolidated ( COKE ) shares jumped almost 19% in recent trading after the company reported its Q1 financial results Monday.

Walt Disney ( DIS ) shares fell 9% after the company said it expects "softer" results from its direct-to-consumer business in Q3, which includes streaming.

Builders FirstSource ( BLDR ) issued a downbeat Q2 sales outlook on Tuesday amid headwinds in the multifamily market, as it recorded mixed results year over year in the preceding three-month period. Its shares plunged almost 18%.

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