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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
Jan 6, 2025 1:08 PM

03:53 PM EST, 01/06/2025 (MT Newswires) -- Consumer stocks were mixed late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.2%.

In corporate news, EW Scripps (SSP) shares jumped about 9% after the company said it signed renewal agreements for all 11 of its television stations carrying content from Comcast's ( CMCSA ) NBC broadcast network.

Walt Disney ( DIS ) agreed to merge its Hulu + Live TV business with FuboTV (FUBO) in a deal that will give Disney ( DIS ) a 70% stake in its streaming peer and settle litigation related to the proposed Venu Sports venture. Disney ( DIS ) shares were fractionally lower, and FuboTV soared 245%.

Lucid (LCID) shares added 1.7% after it said that it produced 3,386 vehicles in Q4 and delivered 3,099, while for the full year it produced 9,029 vehicles and delivered 10,241.

Real Good Food ( RGF ) said it received a notice from the Nasdaq stating that its securities will be suspended from trading on Tuesday and will subsequently be delisted. Its shares fell past 67%.

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