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Sector Update: Consumer Stocks Mixed in Late Afternoon Trading
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Sector Update: Consumer Stocks Mixed in Late Afternoon Trading
Feb 11, 2025 1:20 PM

03:56 PM EST, 02/11/2025 (MT Newswires) -- Consumer stocks were mixed late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.4%.

Redbook US same-store sales last week rose 5.3% from a year earlier, slower than the 5.7% increase in the previous week.

In corporate news, General Motors ( GM ) expects to mitigate up to 50% of potential tariffs that President Donald Trump is threatening to levy on imports from Mexico and Canada, Chief Executive Mary Barra said Tuesday during a Wolfe Research investment conference, according to media reports. GM shares rose 0.1%.

Walt Disney ( DIS ) is revising its diversity, equity, and inclusion programs as it seeks to prioritize business outcomes, Axios reported Tuesday, citing a memo sent by the entertainment and media company to its employees. Disney ( DIS ) shares were down 0.5%.

Marriott ( MAR ) issued downbeat earnings outlooks for Q1 and 2025 after reporting Q4 results above market expectations. The shares dropped 5.1%.

Coca-Cola (KO) projected annual growth in its earnings and organic revenue for 2025 after reporting better-than-expected Q4 results amid volume and pricing gains. Its shares rose 4.6%.

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