Sector Update: Consumer Stocks Mixed Friday Afternoon

MT Newswires Live

Feb 01, 2025

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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Its shares fell nearly 5%.</p><p>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%.</p><p>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%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0471298777.SGD","symbol_name":"Blackrock Nutrition A2 SGD-H","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2508961699","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508961699","pubTimestamp":1738349130,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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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%.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}