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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
Dec 31, 2024 1:19 PM

03:49 PM EST, 12/31/2024 (MT Newswires) -- Consumer stocks were mixed late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) little changed and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.5%.

In corporate news, Tyson Foods ( TSN ) plans to reopen its Camilla, Georgia, meat plant in phases following a fire last week that resulted in one fatality and multiple injuries, Bloomberg reported. Tyson shares added 0.4%.

Amazon.com ( AMZN ) is facing legal action over claims that it misused employee 401(k) forfeitures to offset its own contributions, breaching federal fiduciary duties under the Employee Retirement Income Security Act. Amazon ( AMZN ) shares eased 0.3%.

Vera Bradley ( VRA ) shares rose 2.1% after its largest shareholder, Fund 1 Investments, called for the company to explore alternatives, including a potential sale or privatization.

MySize (MYSZ) shares fell 3.2%. The company said investors late last week exercised warrants to buy 653,028 shares, generating about $3 million in gross proceeds.

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