Sector Update: Consumer

Consumer stocks were mixed Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.7%.

In corporate news, Tyson Foods TSN swung to a fiscal Q2 profit year on year despite a surprise decline in revenue on Monday while the meat processor reiterated its outlook for flat sales in 2024. Its shares tumbled past 7%.