Consumer stocks fell Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.1%.
In corporate news, Academy Sports and Outdoors' (ASO) fiscal Q4 results fell year over year, while the sporting goods retailer guided for 2025 earnings below market views. Its shares decreased 0.5%.
Tesla (TSLA) is recalling up to 46,000 Cybertrucks to fix the cant rail, a stainless-steel exterior trim panel that may "detach from the vehicle," according to a notification from the US National Highway Traffic Safety Administration. Tesla shares were down 0.4%.
The EU is delaying its proposed 50% tariff on American whiskey until mid-April, according to media reports. Shares of Brown-Forman (BF.A), which makes Jack Daniels, added 0.2%.
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