Sector Update: Consumer Stocks Edge Higher in Afternoon Trading

MT Newswires Live

Sep 28, 2024

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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Its shares were falling 2%.</p><p>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%.</p><p>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.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2470037189","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2470037189","pubTimestamp":1727459919,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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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.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}