Sector Update: Consumer Stocks Retreat in Late Afternoon Trading

MT Newswires Live2024-12-28

Consumer stocks were falling late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 1.9%.

In corporate news, an overnight fire at a Tyson Foods (TSN) poultry plant in Camilla, Georgia, killed one person and injured several others, Reuters reported, citing a statement from the company. Tyson shares were down 0.4%.

Estee Lauder (EL) shares shed 0.5% after CICC started coverage of the stock at neutral and with an $82 price target.

Lamb Weston (LW) shareholder Jana Partners added Jeff Delapp to its slate of nominees for a potential overhaul of the board at the french fry maker. Lamb Weston shares rose 2.7%.

Netflix (NFLX) and the National Football League set new records on Christmas Day, attracting almost 65 million US viewers, according to Nielsen data, the streaming company said Thursday. Netflix shares were falling 1.8%.

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