Consumer stocks were mixed Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.6%.
In corporate news, Colgate-Palmolive's (CL) Q4 earnings came in ahead of Wall Street's estimates, while revenue posted a decline amid weakness in North America and Latin America. Its shares fell nearly 5%.
Charter Communications (CHTR) on Friday logged stronger-than-forecast Q4 results amid double-digit percentage gains in advertising and residential mobile service revenue. Charter shares gained 2.3%.
Costco (COST) plans to increase pay for most of its hourly US store workers to more than $30, Reuters reported. Its shares were rising 0.5%.
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