Consumer stocks rose Monday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.6%.
In corporate news, Hyatt Hotels (H) agreed to buy Playa Hotels & Resorts (PLYA) for $2.6 billion, including $900 million of debt. Hyatt shares dropped 1%, and Playa rose 2.2%.
McDonald's (MCD) posted a surprise same-store sales increase for Q4, while revenue unexpectedly fell, as the fast-food giant continued to face the impact of an E. coli outbreak last year. The shares rose 4.8%.
Lyft (LYFT) intends to launch fully autonomous robotaxis on its app "as soon as 2026" in Dallas with more markets to follow, TechCrunch reported. Lyft shares rose 4.5%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.