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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 28, 2025 1:09 PM

03:50 PM EST, 01/28/2025 (MT Newswires) -- Consumer stocks were mixed late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) falling 1.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.3%.

Redbook US same-store sales last week rose 4.9% from a year earlier after a 4.5% increase in the previous week.

In corporate news, Kimberly-Clark ( KMB ) reported Q4 adjusted earnings of $1.50 a share, down from $1.51 a year earlier. Analysts surveyed by FactSet expected $1.51. KMB shares dropped 1.5%.

General Motors ( GM ) reported $5 billion in Q4 charges as adjusted earnings and revenue topped market expectations while the full-year profit estimate beat forecasts. GM shares slumped 9.6%.

JetBlue Airways ( JBLU ) Q4 results came in better than expected Tuesday, but the airline said it expects operating expenses to continue growing this year. Its shares dropped nearly 25%.

Royal Caribbean Group (RCL) shares jumped past 11% after it reported higher Q4 adjusted net income and revenue.

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