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Sector Update: Consumer Stocks Mixed Thursday Afternoon

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Consumer stocks were mixed Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.8%.

In corporate news, Paramount's (PSKY) $110 billion acquisition of Warner Bros. Discovery (WBD) may face lawsuits from US states to block the deal as soon as next week, Reuters reported. Paramount shares fell 4.1%.

PepsiCo (PEP) reported fiscal Q2 results above Wall Street's estimates on Thursday, although soft consumer spending in the US weighed on its North American performance. Its shares were down 2.9%.

Simply Good Foods (SMPL) lifted its full-year sales outlook on Thursday as it recorded better-than-expected fiscal Q3 results. Its shares rose 1.9%.

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$BKR$COP$CVX$OXY
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$LMND$SAR$TFC$XYZ
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Sector Update: Consumer Stocks Lower in Late Afternoon Trading

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$DPZ$EL$PSKY$TSLA$WBD