Consumer stocks were lower late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.9% and the Consumer Discretionary Select Sector SPDR Fund (XLY) easing 0.1%.
In corporate news, Uber (UBER) launched a "seven-figure" advertising campaign to generate support for the efforts to convince state regulators to lower mandated insurance thresholds for rideshare drivers, contending those costs are increasing prices paid by its customers, Bloomberg reported. Uber shares fell 0.9%.
Airbnb (ABNB) shares jumped past 14% after it outlined a full-year core earnings margin outlook that analysts said was higher than expected. Late Thursday, the company logged a bigger-than-projected Q4 profit as strong demand propelled revenue above Wall Street's estimates.
TreeHouse Foods (THS) posted lower-than-expected Q4 results and a downbeat 2025 revenue outlook amid slowing growth trends for the food category. Its shares were still up 2.2%.
Lottery.com (LTRY) shares jumped 16% after the firm said it has signed a memorandum of understanding with PlusEVO to buy an advanced lottery management system and gaming platform to support its international expansion.
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