Sector Update: Consumer Stocks Edge Higher in Late Afternoon Trading

MT Newswires Live11-20 05:02

Consumer stocks were edging higher late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) fractionally higher.

Redbook US same-store sales rose 5.1% from a year earlier in the week ended Nov. 16 after a 4.8% year-over-year increase in the previous week.

In corporate news, XPeng (XPEV) nearly halved its Q3 loss while topping sales expectations following the launch of its Mona M03 vehicle at the end of August. Its shares were down 3.2%.

Interactive Strength (TRNR) shares soared 46% after the company unveiled Tuesday CLMBR fitness equipment installations in Saudi Arabia.

Walmart (WMT) lifted its full-year outlook on Tuesday as the retail giant reported stronger-than-expected fiscal Q3 results amid gains across all segments. Its shares popped 3%.

Lowe's (LOW) fiscal Q3 sales fell less than projected while the home improvement retailer raised its full-year top-line outlook as hurricane-related spending demand is seen continuing through Q4. Its shares were down 4.7%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment