03:56 PM EDT, 09/19/2024 (MT Newswires) -- Consumer stocks were mixed late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 2%.
In corporate news, Wynn Resorts ( WYNN ) and some of its former executives agreed to a $70 million settlement in a class action lawsuit alleging the company breached federal securities laws by concealing sexual misconduct claims against former Chief Executive Officer Steve Wynn, according to a court filing. Wynn Resorts ( WYNN ) shares were rising 1.5%.
Casey's General Stores (CASY) shares were 2.2% lower after JPMorgan downgraded the stock to underweight from neutral.
Darden Restaurants ( DRI ) maintained its full-year outlook despite reporting lower-than-expected fiscal Q1 results amid slowing traffic in July. Separately, Darden and Uber ( UBER ) said they signed a multi-year delivery partnership. Darden shares were up 8%, and Uber ( UBER ) gained 2.5%.
Steelcase's ( SCS ) fiscal Q2 results rose year-over-year but the office furniture maker recorded fewer orders from large corporate customers and most international markets. Its shares tumbled 6.1%.