Sector Update: Consumer Stocks Mixed in Afternoon Trading

MT Newswires Live
4 hours ago

Consumer stocks were mixed Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.1%.

In corporate news, Ford (F) CEO Jim Farley said the issue at a supplier that impacted F-150 truck output has been resolved but that it will affect the automaker's Q3 wholesale figures, Reuters reported. Ford shares were down 2%.

Cal-Maine Foods (CALM) swung to a fiscal Q1 loss year over year as sales dropped by double digits amid lower egg prices. Its shares fell 2.5%.

Conagra Brands (CAG) reported an unexpected year-over-year increase in fiscal Q1 earnings, but volume weakness drove its revenue lower. Shares declined 2.3%.

General Mills (GIS) said it has named Chief Operating Officer Dana McNabb as chief executive, effective Jan. 1, replacing Jeff Harmening. Shares were down 2.8%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10