Consumer stocks rise, Tesla to exceed Q2 earnings, McDonald's expands $5 meal deal

From Nasdaq: 2024-07-22 15:51:27

Consumer stocks saw a boost on Monday, with XLP up 0.1% and XLY gaining 1.3%. Tesla is expected to exceed Q2 earnings expectations, leading to a 5.3% increase in share prices. McDonald’s will extend its $5 meal deal to 93% of its US locations. Mattel’s shares surged 15% following news of a possible takeover by L Catterton. Delta Air Lines continues to face cancellations due to a recent tech outage, causing shares to fall by 3.6%.



Read more at Nasdaq: Sector Update: Consumer Stocks Advance Late Afternoon