financetom
Market
financetom
/
Market
/
Sector Update: Consumer Stocks Mixed in Afternoon Trading
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Consumer Stocks Mixed in Afternoon Trading
Sep 22, 2024 7:22 PM

01:48 PM EDT, 09/19/2024 (MT Newswires) -- Consumer stocks were mixed Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 2.4%.

In corporate news, Darden Restaurants ( DRI ) maintained its full-year outlook on Thursday despite reporting lower-than-expected fiscal Q1 results amid slowing traffic in July. Darden and Uber ( UBER ) said Thursday they signed a multi-year exclusive delivery partnership. Darden shares jumped nearly 9% and Uber ( UBER ) was up 3%.

Steelcase's ( SCS ) fiscal Q2 results rose year-over-year but the office furniture maker recorded fewer orders from large corporate customers and most international markets. Its shares tumbled 6.3%.

Builders FirstSource ( BLDR ) shares rose 3.4% after it said Thursday that its chief financial officer will assume the chief executive role in November when the building material supplier's current CEO retires.

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 >
Copyright 2023-2025 - www.financetom.com All Rights Reserved