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Sector Update: Consumer Stocks Retreat in Late Afternoon Trading
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Sector Update: Consumer Stocks Retreat in Late Afternoon Trading
Dec 27, 2024 1:22 PM

03:52 PM EST, 12/27/2024 (MT Newswires) -- Consumer stocks were falling late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 1.9%.

In corporate news, an overnight fire at a Tyson Foods ( TSN ) poultry plant in Camilla, Georgia, killed one person and injured several others, Reuters reported, citing a statement from the company. Tyson shares were down 0.4%.

Estee Lauder ( EL ) shares shed 0.5% after CICC started coverage of the stock at neutral and with an $82 price target.

Lamb Weston ( LW ) shareholder Jana Partners added Jeff Delapp to its slate of nominees for a potential overhaul of the board at the french fry maker. Lamb Weston ( LW ) shares rose 2.7%.

Netflix ( NFLX ) and the National Football League set new records on Christmas Day, attracting almost 65 million US viewers, according to Nielsen data, the streaming company said Thursday. Netflix ( NFLX ) shares were falling 1.8%.

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