Sector Update: Consumer

Tuesday, May 4, 2021 1:08 PM | MT Newswires

Consumer stocks were lower in Tuesday trading, with the SPDR Consumer Staples Select Sector ETF dropping 0.6% while the SPDR Consumer Discretionary Select Sector ETF was sinking over 1.9%. In company news, iRobot (IRBT) fell over 12% after its CEO late Tuesday said the homewares company will need to "carefully manage" spending as the limited availability of semiconductor chips boosts costs amid rising raw material, freight and transportation costs.

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