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Sector Update: Consumer Stocks Mixed in Afternoon Trading
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Sector Update: Consumer Stocks Mixed in Afternoon Trading
Nov 4, 2024 11:16 AM

01:50 PM EST, 11/04/2024 (MT Newswires) -- Consumer stocks were mixed Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.1%.

In corporate news, Fox (FOX) reported stronger-than-expected growth in fiscal Q1 results on Monday, fueled by record political advertising revenue ahead of US presidential elections. Its shares rose 3.6%.

Marriott International ( MAR ) slashed its full-year bottom-line outlook on Monday as the hotel giant's Q3 earnings fell short of market estimates. Its shares fell 2%.

Tesla's (TSLA) sales of China-made electric vehicles fell 5.3% year over year to 68,280 units in October, media outlets reported Monday, citing data from the China Passenger Car Association. Tesla shares were shedding 1.6%.

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