Sector Update: Consumer

Last Updated: Wednesday, October 5, 2022 1:34 PM | MT Newswires

Consumer stocks were moderately lower in Wednesday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) slipping 0.5% and the SPDR Consumer Discretionary Select Sector ETF (XLY) sinking 0.9%.

In company news, Helen of Troy (HELE) was rising 3.3%, reversing a nearly 17% slide earlier Wednesday that followed the housewares seller cutting its 2023 earnings and sales forecasts below analyst estimates and also unveiling a restructuring program expected to affect all of its operating segments and shared services.

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