Consumer stocks decline with XLP down 0.9% and XLY down 0.6%, mixed news overall.

From Nasdaq.: 2024-06-25 13:52:38

Consumer stocks were down, with XLP dropping 0.9% and XLY shedding 0.6%. Redbook reported a 5.3% rise in US same-store sales. Carnival saw a jump in shares after swinging to fiscal Q2 earnings and raising its 2024 guidance. Rivian plans to cut material costs by 35% and Tesla is recalling Cybertruck vehicles.



Read more at Nasdaq.: Sector Update: Consumer Stocks Retreat Tuesday Afternoon