Consumer stocks were mixed Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.3%.
In corporate news, Monster Beverage (MNST) shares rose 4.8% after the energy drink company recorded Q4 sales above market expectations, driven by higher prices and growing demand in the US.
Signet Jewelers' (SIG) shareholder Select Equity Group has called on the diamond jewelry retailer to assess strategic options, including a sale, saying the company's shares remain undervalued amid "operational missteps." Signet shares jumped 6.7%.
Williams-Sonoma (WSM) is expected to issue a cautious 2025 outlook when it reports Q4 results next month amid softening demand trends for home furnishings goods, Wedbush Securities said in a Friday client note. Williams-Sonoma shares were up 0.4%.
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