Sector Update: Consumer

Last Updated: Wednesday, October 5, 2022 3:33 PM | MT Newswires

Consumer stocks were ending narrowly lower, with the SPDR Consumer Staples Select Sector ETF (XLP) slipping 0.1% late in Wednesday trading and the SPDR Consumer Discretionary Select Sector ETF (XLY) sinking 0.2%.

In company news, Tyson Foods (TSN) fell nearly 1% after the chicken processor said it plans to consolidate its corporate offices throughout the greater Chicagoland region at its global headquarters in Springdale, Arkansas. The upcoming relocations will be done in phases beginning early next year, it said.

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