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Sector Update: Consumer Stocks Mixed Thursday Afternoon
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Sector Update: Consumer Stocks Mixed Thursday Afternoon
Jul 3, 2025 10:36 AM

01:11 PM EDT, 07/03/2025 (MT Newswires) -- Consumer stocks were mixed Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.6%.

In corporate news, TripAdvisor ( TRIP ) shares jumped nearly 17% in recent Thursday trading after The Wall Street Journal reported Wednesday that Starboard Value has built a 9% stake in the company.

Ryanair ( RYAOF ) shares were shedding 0.8% after the budget airline said it was forced to cancel 170 flights, disrupting over 30,000 passengers due to a strike by French air-traffic controllers on Thursday and Friday.

United Parcel Service's ( UPS ) plan to offer voluntary buyouts to delivery drivers violates their labor contract, the International Brotherhood of Teamsters President Sean O'Brien said Thursday in a statement. UPS shares were down 1.3%.

Tyson Foods ( TSN ) has reached a new collective bargaining agreement with workers at its beef processing plant in Amarillo, Texas, days after Teamsters union members voted to authorize a strike, the company and the union said. Tyson shares were easing 0.2%.

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