-- Consumer stocks were lower Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.2%.
In corporate news, Tesla (TSLA) Chief Executive Elon Musk's xAI has filed a lawsuit against the State of Colorado regarding a new AI bill aimed at protecting consumers from "algorithmic discrimination," according to court filings. Tesla shares were down 0.6%.
Tata Investment (NSE:TATAINVEST, BOM:501301) consolidated attributable profit increased sharply to 638.3 million Indian rupees in the fiscal fourth quarter ended March 31 from 377.2 billion rupees a year ago.Earnings per share jumped to 1.26 rupees from 0.75 rupees a year earlier, according to a Tuesday filing to the Indian stock exchanges by the non-banking financial company.Total revenue from operations in fiscal Q4 also increased to 399.8 million rupees from 164.3 million rupees a year ago.The company also declared a dividend of 3.40 rupees per share, subject to shareholder approval.The company's shares were up over 1% in recent trade.
Chevron (CVX) has an average rating of overweight and mean price target of $211.17, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Airbnb (ABNB) has an average rating of overweight and mean price target of $148.24, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)