financetom
Market
financetom
/
Market
/
Sector Update: Consumer Stocks Mixed Late Afternoon
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Consumer Stocks Mixed Late Afternoon
Jun 30, 2025 1:19 PM

03:49 PM EDT, 06/30/2025 (MT Newswires) -- Consumer stocks were mixed late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.6%.

In corporate news, Crocs' ( CROX ) fiscal 2025 earnings are likely to take a hit from weak US wholesale revenue amid a worsening macro backdrop, BofA Securities said Monday in a note. BofA trimmed its price target on Crocs ( CROX ) to $135 from $140, while reiterating its buy recommendation given the stock's "attractive" risk-reward profile. Crocs ( CROX ) shares were down 2.1%.

Hyatt Hotels ( H ) agreed to sell Playa Hotels & Resorts' real estate portfolio to Tortuga Resorts for $2 billion. Hyatt shares edged up 0.1%.

Home Depot's ( HD ) SRS Distribution unit agreed to buy GMS (GMS) for $4.3 billion, the companies said, less than two weeks after QXO (QXO) announced its offer for the building products distributor. Home Depot ( HD ) shares fell 0.6%, GMS jumped past 11%, and QXO rose 4%.

Ford (F) temporarily idled multiple US factories over the past three weeks due to a shortage of magnets containing rare earth minerals amid Washington's trade tensions with China, Bloomberg reported, citing Chief Executive Officer Jim Farley. Ford shares rose 0.2%.

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 >
US STOCKS-US stock futures fall as optimism wanes ahead of key inflation test
US STOCKS-US stock futures fall as optimism wanes ahead of key inflation test
May 26, 2025
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Futures down: Dow 0.41%, S&P 500 0.25%, Nasdaq 0.25% * April CPI due at 08:30 am ET * Coinbase up after firm to join S&P 500 * UnitedHealth ( UNH ) suspends annual forecast, CEO steps down (Updated...
Safe haven concerns mount as US Treasuries face twin recession and inflation risks - Reuters poll
Safe haven concerns mount as US Treasuries face twin recession and inflation risks - Reuters poll
May 26, 2025
By Sarupya Ganguly BENGALURU (Reuters) - Concerns for the safe haven status of U.S. Treasuries are rising with benchmark 10-year yields expected to drift sideways over the coming year, pinned between trade war-driven recession and inflation, according to a Reuters poll of bond strategists. Since U.S. President Donald Trump's April 2 reciprocal tariff announcement, the 10-year Treasury yield has whipsawed...
Investors Await Key Inflation Data as US Futures Decline in Tuesday's Premarket
Investors Await Key Inflation Data as US Futures Decline in Tuesday's Premarket
May 26, 2025
07:59 AM EDT, 05/13/2025 (MT Newswires) -- US stock futures are lower in Tuesday's premarket session as investors look ahead to key inflation data coming out later in the morning. The Dow Jones Industrial Average futures were down 0.61%, S&P 500 futures were off 0.26%, and Nasdaq futures were losing 0.15%. Oil prices were moving higher, with front-month global benchmarks...
Safe haven concerns mount as US Treasuries face twin recession and inflation risks - Reuters poll
Safe haven concerns mount as US Treasuries face twin recession and inflation risks - Reuters poll
May 26, 2025
By Sarupya Ganguly BENGALURU (Reuters) - Concerns for the safe haven status of U.S. Treasuries are rising with benchmark 10-year yields expected to drift sideways over the coming year, pinned between trade war-driven recession and inflation, according to a Reuters poll of bond strategists. Since U.S. President Donald Trump's April 2 reciprocal tariff announcement, the 10-year Treasury yield has whipsawed...
Copyright 2023-2025 - www.financetom.com All Rights Reserved