Sector Update: Consumer Stocks Mixed in Late Afternoon Trading

From NASDAQ: 2024-09-16 15:45:55

Consumer stocks had a mixed afternoon, with XLP up by 0.3% and XLY down by 0.1%. Amazon CEO announced a return to pre-COVID work environment from Jan 2, leading to a 0.7% drop in Amazon shares.

Darden Restaurants may miss Q1 estimates but maintain full-year outlook, shares down by 0.2%. Gaucho jumps 13% on expected cost savings of $1.6 million. Hasbro expected to have a strong 2025, BofA raises price target to $90 with a buy rating, shares up by 1.6%.



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