Sector Update: Consumer Stocks Mixed in Afternoon Trading

MT Newswires Live02:48

Consumer stocks were mixed Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.1% higher and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.5%.

In corporate news, United Airlines (UAL) anticipates a "meaningful" impact to its Q1 results from surging fuel prices due to the Iran war, CNBC reported Friday, citing Chief Executive Scott Kirby. United shares dropped 4.5%.

Costco (COST) reported better-than-expected fiscal Q2 results, while Chief Executive Roland Vachris said the warehouse chain could lower prices if it receives any tariff refunds following the US Supreme Court's recent decision to strike down President Donald Trump's duties. Its shares rose 1.6%.

Gap (GAP) shares fell past 12%. The company reported fiscal Q4 earnings late Thursday that decreased year on year and missed analyst estimates.

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