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Sector Update: Consumer Stocks Mixed Wednesday Afternoon

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Consumer stocks were mixed Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 1.7%.

In corporate news, Casey's General Stores (CASY) shares jumped past 15% after the convenience store operator recorded better-than-expected fiscal Q4 results.

Chewy (CHWY) lowered its full-year sales outlook on Wednesday even though the online pet store company's fiscal Q1 revenue topped market estimates. Its shares fell 1.9%.

Ford Motor's (F) top aluminum supplier, Novelis, will restart its aluminum-rolling plant in upstate New York on Wednesday, nine months after a fire caused a supply shock for the auto industry, The Wall Street Journal reported, citing the plant's owner. Ford shares were down 3.9%.

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Sector Update: Healthcare Stocks Rise Late Afternoon

Healthcare stocks were higher late Tuesday afternoon, with the NYSE Healthcare Index rising 1.6% and the State Street Health Care Select Sector SPDR ETF (XLV) increasing 1.2%.The iShares Biotechnology ETF (IBB) added 1.2%.In corporate news, GSK (GSK) said it signed a definitive agreement Tuesday to acquire Nuvalent (NUVL) for $10.6 billion in cash. GSK shares rose 1%, and Nuvalent surged 39%.Brookdale Senior Living (BKD) has reported May occupancy data in line with bullish comments by the company's management at a recent event and ahead of levels implied in RBC's model for Q2, RBC Capital Markets said in a note. Brookdale shares jumped past 8%.PTC Therapeutics (PTCT) shares climbed 3.3% after Citigroup upgraded the company's stock to buy and raised its price target to $108.Eli Lilly (LLY) signed a collaboration and licensing deal worth over $1 billion with AlzeCure Pharma for global rights to its investigative candidate for Alzheimer's disease. Lilly shares were down 0.4%.

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Sector Update: Financial Stocks Advance Late Afternoon

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Sectors

Sector Update: Consumer Stocks Higher Late Afternoon

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