financetom
Market
financetom
/
Market
/
Sector Update: Consumer Stocks Mixed in Late Afternoon Trading
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Consumer Stocks Mixed in Late Afternoon Trading
Dec 19, 2024 1:10 PM

03:46 PM EST, 12/19/2024 (MT Newswires) -- Consumer stocks were mixed late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.2%, and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.3%.

In corporate news, CarMax ( KMX ) expects comparable sales to improve sequentially in Q4, pointing to an acceleration so far in December compared with Q3's performance. Chief Executive Bill Nash told analysts on a conference call that the company expects comparable sales to be "stronger" on a sequential basis in Q4. CarMax ( KMX ) shares popped 4%.

Soho House ( SHCO ) shares surged nearly 49% after it said Thursday it received a $9 per share acquisition offer from a consortium earlier this week.

Regis (RGS) shares gained 7.4% after the company said it acquired Alline Salon Group, its largest franchisee, in a cash-and-stock deal valued at $22 million in initial consideration.

Darden Restaurants ( DRI ) lifted its full-year revenue outlook as the restaurant operator recorded better-than-expected fiscal Q2 results. The shares jumped 15.6%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Exchange-Traded Funds, US Equities Lower After Midday Trading
Exchange-Traded Funds, US Equities Lower After Midday Trading
Jan 7, 2025
01:10 PM EST, 01/07/2025 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded fund IWM and IVV retreated. Actively traded Invesco QQQ Trust (QQQ) fell 1.4%. US equity indexes were also lower in midday trading Tuesday, with heavyweights in communication services and technology sectors declining. Energy iShares US Energy ETF (IYE) and Energy Select Sector SPDR (XLE) each advanced 1.5%. Technology...
US Equity Indexes Drop as Jobs, Services Data Push 10-Year Yield to Highest in 8 Months
US Equity Indexes Drop as Jobs, Services Data Push 10-Year Yield to Highest in 8 Months
Jan 7, 2025
01:25 PM EST, 01/07/2025 (MT Newswires) -- US equity indexes fell as stronger-than-expected job openings and services sent the 10-year government bond yield to an eight-month high, triggering a sharp decline in communication services and technology. The S&P 500 fell 0.5% to 5,943.7, the Nasdaq Composite dropped 1.2% to 19,630.3, and the Dow Jones Industrial Average slid slightly to 42,695.2...
Top Midday Gainers
Top Midday Gainers
Jan 7, 2025
01:29 PM EST, 01/07/2025 (MT Newswires) -- Hoth Therapeutics ( HOTH ) said Tuesday that interim results from a phase 2a trial of HT-001 showed that all patients met the primary efficacy endpoint. Shares skyrocketed 202% as intraday trading volume catapulted to over 366.7 million from a daily average of about 1.1 million. MultiSensor AI ( MSAI ) said late...
Sector Update: Energy
Sector Update: Energy
Jan 7, 2025
01:30 PM EST, 01/07/2025 (MT Newswires) -- Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each climbing 1.6%. The Philadelphia Oil Service Sector index rose 1.3%, and the Dow Jones US Utilities index was fractionally higher. Front-month West Texas Intermediate crude oil was rising 1.2% to $74.44 a...
Copyright 2023-2026 - www.financetom.com All Rights Reserved