Sector Update: Consumer
Consumer stocks were mixed late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 1.3%. In corporate news, Levi Strauss (LEVI) shares fell 2% after the company's new full-year earnings outlook fell short of Wall Street's estimates even as its fiscal Q2 results topped views.
Consumer stocks were mixed late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 1.3%.
In corporate news, Levi Strauss (LEVI) shares fell 2% after the company's new full-year earnings outlook fell short of Wall Street's estimates even as its fiscal Q2 results topped views.