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
May 28, 2026 1:12 PM

03:42 PM EDT, 05/28/2026 (MT Newswires) -- Consumer stocks were mixed late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) fractionally lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.5%.

In corporate news, Burlington Stores ( BURL ) increased its full-year outlook Thursday, but its guidance for the ongoing quarter indicated a sequential slowdown in comparable sales growth. Its shares fell 9%.

Caesars Entertainment ( CZR ) has agreed to be acquired and taken private by Fertitta Entertainment in an all-cash deal worth roughly $17.6 billion, the companies said in separate statements Thursday. Caesars shares were up 1%.

Dollar Tree ( DLTR ) shares jumped past 17% after it posted higher fiscal Q1 adjusted earnings and revenue, and raised its fiscal 2026 adjusted EPS guidance.

Best Buy ( BBY ) shares climbed 16% after it reported higher-than-expected fiscal Q1 adjusted earnings and revenue.

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 >
Sector Update: Financial Stocks Decline Late Afternoon
Sector Update: Financial Stocks Decline Late Afternoon
Nov 9, 2024
03:52 PM EST, 11/07/2024 (MT Newswires) -- Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index shedding 0.7% and the Financial Select Sector SPDR Fund (XLF) falling 1.4%. The Philadelphia Housing Index was rising 1.1%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 1.4%. Bitcoin (BTC-USD) was gaining 1.2% to $76,655, and...
Equity Markets Higher Following Fed Rate Cut
Equity Markets Higher Following Fed Rate Cut
Nov 9, 2024
03:52 PM EST, 11/07/2024 (MT Newswires) -- US benchmark equity indexes were higher ahead of Thursday's close after the Federal Reserve reduced its benchmark lending rate by 25 basis points. The Nasdaq Composite was up 1.5% at 19,272.3, while the S&P 500 rose 0.8% to 5,977.4. The Dow Jones Industrial Average advanced 0.1% to 43,788.4. All three indexes closed at...
Top Cryptocurrencies Extend Rally; Bitcoin Sets Record High Near $77,000
Top Cryptocurrencies Extend Rally; Bitcoin Sets Record High Near $77,000
Nov 9, 2024
04:05 PM EST, 11/07/2024 (MT Newswires) -- Most major digital assets were firmer Thursday with Bitcoin (BTC-USD) setting a new all-time high near $77,000. The CoinDesk Market Index, which tracks 126 digital assets, rose 2.4% in the past 24 hours. US stocks also moved higher as the Federal Reserve cut interest rates for a second consecutive meeting, with the Nasdaq...
US STOCKS-Stocks close higher after Fed cuts interest rates
US STOCKS-Stocks close higher after Fed cuts interest rates
Nov 9, 2024
* US weekly jobless claims rise moderately * Fed cuts rates by 25 bps * JP Morgan, Goldman weigh on Dow (Recasts with preliminary closing details, adds comments by U.S. Fed chief) By Chuck Mikolajczak NEW YORK, Nov 7 (Reuters) - U.S. stocks closed higher on Thursday, after the Federal Reserve announced a cut of 25 basis points (bps) in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved