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Sector Update: Consumer Stocks Mixed Late Afternoon
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Sector Update: Consumer Stocks Mixed Late Afternoon
May 26, 2025 5:23 AM

03:52 PM EDT, 05/09/2025 (MT Newswires) -- Consumer stocks were mixed late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) decreasing 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.5%.

In corporate news, Stellantis ( STLA ) is nearing the end of its search for a new chief executive. Bloomberg reported that Antonio Filosa, currently the chief operating officer for the Americas, is emerging as the leading candidate. Stellantis ( STLA ) shares were down 0.6%.

Expedia ( EXPE ) reported late Thursday Q1 revenue that increased year-over-year but missed the average analyst estimate compiled by FactSet. Its shares dropped 7.5%.

Lyft ( LYFT ) shares surged 28%. The company posted a surprise Q1 profit on double-digit gains in gross bookings and forecast continued growth in Q2 for the key metric.

Sweetgreen ( SG ) shares tumbled 17% after the company cut 2025 revenue guidance.

TaskUs ( TASK ) shares jumped 17%. The company agreed to be taken private by the co-founders and a Blackstone (BX) affiliate.

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