Consumer stocks down, TSLA shares decline after Vanguard votes for Musk's $56B pay package

From Nasdaq Stock Market: 2024-06-14 13:52:49

Consumer stocks were down on Friday, with XLP falling 0.1% and XLY dropping 0.9%. Tesla investor Vanguard voted for Elon Musk’s $56 billion pay package, causing Tesla shares to decline by 1.9%.

RH needs 20% demand growth by Q4 to meet full-year outlook, Wedbush projects. RH shares fell 18% after results missed estimates. Hasbro’s success with Monopoly Go! is not fully factored into forecasts, leading BofA to upgrade Hasbro to buy with a $80 price target. Hasbro shares rose over 5%.



Read more at Nasdaq Stock Market: Consumer Sector Update for 06/14/2024: TSLA, RH, HAS