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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
Nov 3, 2024 11:53 AM

03:43 PM EDT, 10/25/2024 (MT Newswires) -- Consumer stocks were mixed late Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.2%.

In corporate news, Colgate-Palmolive ( CL ) reported better-than-expected Q3 results, buoyed by pricing and volume gains, and the company boosted the low end of its full-year earnings growth outlook range. The shares still fell 3.9%.

Coca-Cola FEMSA (KOF) shares climbed 2.1% after the company reported Q3 results with revenue increasing year-over-year.

The US Centers for Disease Control and Prevention said Friday that 26 new E. coli cases potentially linked to McDonald's (MCD) Quarter Pounders have been reported, bringing the total to 75. McDonald's shares dropped 2.9%.

Tapestry (TPR) said it plans to appeal a US federal court decision granting the US Federal Trade Commission's request to block the acquisition of Capri (CPRI). Tapestry shares jumped 12% and Capri plunged 49%.

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