From Nasdaq:

Consumer stocks were mixed late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.8%. In corporate news, WD-40 (WDFC) shares jumped almost 15% after the company posted higher quarterly earnings and sales.

Walmart (WMT) closed about a dozen East Coast stores due to power outages following a winter storm, with Walmart shares rising 1.2%. Amazon.com (AMZN) is planning to lay off “several hundred” employees at Prime Video and Amazon MGM Studios, and its Twitch livestreaming platform is also planning to cut 35% of its staff. Amazon shares were adding 1.5%.

WPP (WPP) is exploring options to exit its 40% stake in Kantar, including an outright sale, with a potential deal valuing Kantar at about $3 billion to $4 billion. WPP gained 1%.



Read more: Consumer Sector Update for 01/10/2024: WDFC, WMT, AMZN, WPP