financetom
Market
financetom
/
Market
/
Sector Update: Consumer Stocks Rise Late Afternoon
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Consumer Stocks Rise Late Afternoon
Jul 21, 2025 1:20 PM

03:50 PM EDT, 07/21/2025 (MT Newswires) -- Consumer stocks were higher late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.6%.

In corporate news, Airbnb ( ABNB ) is facing a lawsuit from Los Angeles, which accuses the home rental company of allowing price gouging on at least 2,000 properties during January's Southern California wildfires, City Attorney Hydee Feldstein Soto said Friday. Airbnb ( ABNB ) shares were shedding 0.8%.

Verizon Communications ( VZ ) lifted the lower end of its full-year earnings growth outlook, as it reported better-than-expected Q2 results. Its shares popped 4.2%.

Uber ( UBER ) is suing a group of personal injury lawyers and medical providers who it alleges have made fraudulent insurance claims against the company that have forced Uber ( UBER ) to spend millions in legal fees, a case filed with the Central District of California showed. Uber ( UBER ) shares rose 0.5%.

Domino's Pizza (DPZ) reported fiscal Q2 earnings below Wall Street's estimates as comparable sales growth in the US slowed down year on year. Its shares fell 1.5%.

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 >
Expected US rate cuts have investors looking beyond Big Tech
Expected US rate cuts have investors looking beyond Big Tech
Jul 12, 2024
NEW YORK (Reuters) - Looming U.S. interest rate cuts are presenting investors with a tough choice: stick with the Big Tech stocks that have driven returns for more than a year or turn to less-loved areas of the market that could benefit from easing monetary policy. Owning massive tech and growth companies such as Nvidia ( NVDA ), Microsoft (...
Trump-victory trades to swell after shooting, investors say
Trump-victory trades to swell after shooting, investors say
Jul 14, 2024
SINGAPORE (Reuters) - Saturday's shooting at U.S. former President Donald Trump's election rally raises his odds of winning back the White House, and trades betting on his victory will increase this coming week, investors said on Sunday. Trump was shot in the ear during the rally in Pennsylvania on Saturday in what the authorities were treating as an assassination attempt....
Trump-victory trades to swell after shooting, investors say
Trump-victory trades to swell after shooting, investors say
Jul 14, 2024
SINGAPORE, July 14 (Reuters) - Saturday's shooting at U.S. former President Donald Trump's election rally raises his odds of winning back the White House, and trades betting on his victory will increase this coming week, investors said on Sunday. Trump was shot in the ear during the rally in Pennsylvania on Saturday in what the authorities were treating as an...
Private Market Activity Picks Up In 2024, But Growth Lags Behind S&P 500, Nasdaq Composite
Private Market Activity Picks Up In 2024, But Growth Lags Behind S&P 500, Nasdaq Composite
Jul 13, 2024
The interest in AI that led the stock market rally over the first half of the year was replicated in private market transactions. Actively-traded companies within the private market are showing an uptick in trading activity, although IPOs continue to lag behind pandemic-era numbers. The first half of 2024 was a relief for investors in the private market as activity...
Copyright 2023-2026 - www.financetom.com All Rights Reserved