Consumer stocks were rising Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) 0.1% higher.
In corporate news, Costco's (COST) fiscal Q4 earnings rose more than expected while the warehouse chain's revenue fell short of Wall Street's estimates. Its shares were falling 2%.
EW Scripps (SSP) is set to eliminate more than 200 jobs and scale back its national news programming amid a difficult linear TV advertising marketplace, Chief Executive Adam Symson said in a memo to employees Friday. Its shares jumped 18%.
Real Good Food (RGF) shares surged 25%. The company said late Thursday that it signed an agreement with Emblem Investments Fund I for a term loan of $60 million and amended its financing with PMC Financial Services.
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