From Nasdaq:



Consumer stocks were higher late Tuesday afternoon, as the Consumer Staples Select Sector SPDR Fund (XLP) increased 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rose 0.5%. US retail sales grew less than expected during the holiday season and fell well short of last year’s growth pace, according to Mastercard’s report.

In corporate news, Salem Media (SALM) shares increased 0.2% after selling its book publishing unit, Regnery, to Skyhorse Publishing. Nio (NIO) rolled out its new flagship electric vehicle, the ET9, to compete with Mercedes Benz’s Maybach and Porsche’s Panamera series, causing Nio shares to jump 11%. Manchester United (MANU) shares gained 3.1% after the company agreed to sell a 25% stake to Ineos Chair Jim Ratcliffe. Parts ID (ID) filed for Chapter 11 bankruptcy protection in US Bankruptcy Court in Delaware, causing its shares to plunge over 43% before being halted.



Read more: Consumer Sector Update for 12/26/2023: SALM, NIO, MANU, ID