Sector Update: Consumer

Consumer stocks were lower Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) decreasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.6%.

In corporate news, Keurig Dr Pepper KDP reported stronger-than-expected increases in Q1 results on Thursday while announcing that Chief Operating Officer Tim Cofer will begin serving as chief executive on Friday. Its shares popped 4.4%.