From Nasdaq:



– Consumer stocks, including XLP and XLY, rose late Wednesday afternoon.
– Redbook US same-store sales in the week ended Dec. 23 increased by 4.1% from the previous year.
– Life Time affirmed Q4 revenue forecast of $555 million to $565 million, however, shares dropped 3.2%.

– The New York Times filed a lawsuit against Microsoft and OpenAI for allegedly copying and using millions of the media company’s works to build generative artificial intelligence tools.
– New York Times shares were gaining 2.2%.
– Tesla is tracking “slightly ahead” of its Q4 vehicle delivery target of 480,000 units and plans to launch a revamped version of its Model Y SUV from its Shanghai plant, leading to a 1.6% increase in Tesla shares.



Read more: Consumer Sector Update for 12/27/2023: LTH, NYT, TSLA, ROI