Sector Update: Consumer Stocks Mixed in Afternoon Trading

MT Newswires Live2024-11-28

Consumer stocks were mixed Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.4%.

In corporate news, Urban Outfitters (URBN) shares jumped 17%, a day after the company reported higher earnings and sales for Q3.

Guess? (GES) reported fiscal Q3 adjusted earnings late Tuesday of $0.34 per diluted share, down from $0.49 a year earlier. Analysts polled by FactSet expected $0.37. Its shares tumbled 5.5%.

Nordstrom (JWN) reported fiscal Q3 adjusted earnings late Tuesday of $0.33 per share, up from $0.25 a year earlier. Analysts polled by FactSet expected $0.22. Its shares were falling past 9%.

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