Consumer stocks were higher Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.9%.
In corporate news, Delta Air Lines (DAL), American Airlines (AAL) and JetBlue Airways (JBLU) raised their Q1 revenue expectations on Tuesday, citing strong demand trends even as the airline industry grapples with high jet fuel prices amid the Middle East conflict. Delta shares jumped past 6%, and American climbed up 3.4%, while JetBlue was down 1.1%.
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