From Nasdaq.: 2024-04-29 13:54:17

Consumer stocks saw gains on Monday, with XLP slightly up and XLY rising 2.4%. Tesla CEO Elon Musk’s China visit and approval for automated driving system marked a “watershed moment,” boosting shares by almost 16%.

Paramount shares surged 3.5% as Skydance Media upped buyout offer by $3 billion in cash for debt repayment and stock buyback. Domino’s Pizza shares rose 5% after beating earnings expectations in fiscal Q1.



Read more at Nasdaq.: Consumer Sector Update for 04/29/2024: TSLA, PARA, DPZ