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Sector Update: Consumer
Oct 2, 2024 10:28 PM

01:32 PM EDT, 10/01/2024 (MT Newswires) -- Consumer stocks were lower Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 0.9%.

Redbook US same-store sales rose by 5.3% from a year earlier in the week ended Sept. 28 after a 4.4% year-over-year increase in the previous week.

In corporate news, McCormick ( MKC ) lifted its full-year adjusted earnings outlook on Tuesday as the spices and seasonings producer logged better-than-expected fiscal Q3 results. Its shares rose 0.6% recently.

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