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Sector Update: Consumer Stocks Mixed Late Afternoon
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Sector Update: Consumer Stocks Mixed Late Afternoon
Aug 20, 2025 12:53 PM

03:44 PM EDT, 08/20/2025 (MT Newswires) -- Consumer stocks were mixed late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) rising 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.9%.

In corporate news, Estee Lauder ( EL ) on Wednesday guided earnings for the current fiscal year below Wall Street's estimates and warned of a $100 million hit from tariffs, as its results for the just-ended quarter fell year over year. Its shares fell 4.5%.

Target ( TGT ) named a new chief executive officer and maintained a cautious outlook amid tariff-related headwinds after affirming its full-year earnings forecast. The stock fell 5.8%.

TJX (TJX) raised its full-year earnings outlook as the discount retailer reiterated confidence in its ability to offset tariff-related headwinds amid strong demand that drove gains in fiscal Q2 results. The shares rose 3.6%.

Lowe's (LOW) agreed to buy interior building products distributor Foundation Building Materials for $8.8 billion in cash, while the home-improvement retailer lifted its full-year sales outlook on the back of better-than-expected fiscal Q2 results. Lowe's shares added 0.5%.

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