Sector Update: Consumer

MT Newswires Live
Yesterday

Consumer stocks were higher late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.7% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1.8%.

In corporate news, Target (TGT) is not using customer information to boost prices based on shoppers' identities or locations, Reuters reported Thursday, citing the company's statement. Target also said it does not change prices by time of day or during periods of high demand, the report said. Prices can differ based on local costs, pricing regulation, or discounts, but customers on the same platform or location will see the same prices, the report added. Target shares were up 0.9%.

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