Consumer stocks rise, with XLP up 0.5% and XLY gaining 1.4%, due to various positive developments.

From Nasdaq.: 2024-07-16 13:54:32

Consumer stocks saw an increase Tuesday, with XLP up 0.5% and XLY gaining 1.4%. Redbook US same-store sales rose 4.8% from a year earlier.

Taboola.com secured a deal with Apple to sell native advertising in Apple News and Stocks apps, leading to a 7.8% jump in Taboola shares and a 0.2% drop in Apple shares.

Funko raised $18.6 million through a share sale, pricing 2 million shares at $9.30 each, causing Funko shares to fall 8.1%.

Tesla plans to hire nearly 800 employees following mass firings ordered by CEO Elon Musk, resulting in a 0.9% increase in Tesla shares.



Read more at Nasdaq.: Sector Update: Consumer Stocks Higher Tuesday Afternoon