Sector Update: Consumer Stocks Mixed in Afternoon Trading

MT Newswires Live
10/09

Consumer stocks were mixed Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.2%.

In corporate news, Campbell's (CPB) has appointed Freshpet (FRPT) Chief Financial Officer and food industry veteran Todd Cunfer as its new finance chief. Campbell's shares were down 1.4%, and Freshpet fell 5.8%.

Coca-Cola (KO) said Wednesday that it is launching 7.5-ounce mini single-serve cans of some of its sodas in US convenience stores from Jan. 1. The company will also introduce Coca-Cola in glass bottles sweetened with cane sugar instead of high fructose corn syrup, said Joel Bishop, Coca-Cola's president of commercial leadership for its North American unit, according to Reuters. Coca-Cola shares were falling 1%.

Tesla (TSLA) has abandoned its target to begin producing thousands of its Optimus humanoid robots by the end of this year, The Information reported Tuesday. Tesla shares were up 0.4%.

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