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Sectors
Sector Update: Consumer
Consumer stocks were higher 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) adding 1.8%.In corporate news, Bath & Body Works' (BBWI) fiscal Q1 results exceeded market estimates, while the personal care and home fragrance retailer said its chief financial officer plans to step down. Its shares rose 11%.
$BBWI
Sectors
Sector Update: Tech
Tech stocks were lower Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.8% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 1.9%.The Philadelphia Semiconductor index declined 2.2%.In corporate news, Zscaler (ZS) shares tumbled 30% after the cloud security company provided a fiscal Q4 revenue outlook below market estimates, even though it reported better-than-expected results for the prior three-month period.
$ZS
Sectors
White House Says US-Iran Interim Peace Deal Report A 'Complete Fabrication'
The official rapid response account on X for the White House said Wednesday that an earlier report by Iranian state media of a US-Iran interim peace deal is a "complete fabrication.""Nobody should believe what Iranian state media is putting out. FACTS MATTER," the White House said.