Sector Update: Consumer

Last Updated: Monday, October 18, 2021 1:23 PM | MT Newswires

Consumer stocks were broadly mixed in Monday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) dropping 0.3% while the SPDR Consumer Discretionary Select Sector ETF (XLY) was rising 0.9%. In company news, Albertsons (ACI) rose 3.9% after reporting non-GAAP net income and revenue for its fiscal Q2 ended Sept. 11 topping analyst estimates amid a surprise increase in comparable sales over year-ago levels and the grocery chain also raising its FY22 earnings forecast.

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