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Sector Update: Consumer Stocks Retreat Monday Afternoon
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Sector Update: Consumer Stocks Retreat Monday Afternoon
May 26, 2025 1:25 AM

01:57 PM EDT, 05/05/2025 (MT Newswires) -- Consumer stocks fell Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) fractionally down and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.7%.

In corporate news, Tyson Foods ( TSN ) shares fell past 7% after the company's fiscal Q2 sales trailed Wall Street estimates.

Skechers USA ( SKX ) shares jumped 24%. The company agreed to be acquired by investment firm 3G Capital in a deal that will see the footwear maker become a private company.

Delta Air Lines ( DAL ) shares popped 3.1% after Seaport Global Securities lifted its price target to $65 from $50.

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