Consumer stocks were higher Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1%.
In corporate news, American Airlines (AAL) shares surged over 16%. The company updated its Q4 adjusted EPS outlook Thursday to a range of $0.55 to $0.75, up from the previous forecast of $0.25 to $0.50. Analysts surveyed by FactSet expect $0.39.
Signet Jewelers (SIG) shares sank past 11%. The jewelry store operator reported weaker-than-expected fiscal Q3 results and lowered its full-year outlook amid soft sales in North America.
Kroger's (KR) fiscal Q3 earnings came in ahead of Wall Street estimates, while revenue missed expectations as the supermarket chain narrowed its full-year earnings outlook. Its shares rose 1%.
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