Sector Update: Consumer Stocks Decline Thursday Afternoon

MT Newswires Live03-20

Consumer stocks fell Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.1%.

In corporate news, Academy Sports and Outdoors' (ASO) fiscal Q4 results fell year over year, while the sporting goods retailer guided for 2025 earnings below market views. Its shares decreased 0.5%.

Tesla (TSLA) is recalling up to 46,000 Cybertrucks to fix the cant rail, a stainless-steel exterior trim panel that may "detach from the vehicle," according to a notification from the US National Highway Traffic Safety Administration. Tesla shares were down 0.4%.

The EU is delaying its proposed 50% tariff on American whiskey until mid-April, according to media reports. Shares of Brown-Forman (BF.A), which makes Jack Daniels, added 0.2%.

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