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Sector Update: Consumer Stocks Rise in Late Afternoon Trading
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Sector Update: Consumer Stocks Rise in Late Afternoon Trading
Feb 10, 2025 1:06 PM

03:55 PM EST, 02/10/2025 (MT Newswires) -- Consumer stocks rose late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.6%.

In corporate news, Turning Point Brands ( TPB ) shares added 2.7% after the tobacco company reported preliminary Q4 net sales of $93.1 million to $94.1 million.

Hain Celestial ( HAIN ) shares fell nearly 13% after the firm said it's exploring strategic options for its personal care business as it shifts focus to its better-for-you food and beverages portfolio.

Hyatt Hotels ( H ) agreed to buy Playa Hotels & Resorts ( PLYA ) for $2.6 billion, including $900 million of debt. Hyatt shares shed 0.9%, and Playa rose 2.2%.

McDonald's (MCD) posted a surprise same-store sales increase in Q4 but its revenue unexpectedly fell, while the fast-food giant continued to see the impact of an E. coli outbreak last year. The shares rose 5%.

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