Consumer stocks are down, McDonald's expected to report weak Q2, WD-40 shares rise.

From Nasdaq: 2024-07-11 15:49:59

Consumer stocks, including XLP and XLY, were down in late afternoon trading. McDonald’s (MCD) is expected to report a weak Q2 performance, leading to a price target cut by Morgan Stanley. WD-40 (WDFC) shares rose after reporting higher Q3 results. Tesla (TSLA) shares fell on news of a delay in its robotaxi project. Delta Air Lines (DAL) issued a disappointing earnings guidance after falling short of Q2 expectations.



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