
Sector Update: Consumer Stocks Mixed in Afternoon Trading

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Consumer stocks showed mixed performance, with XLP up 0.7% and XLY down 0.6%. Walmart raised its full-year outlook and exceeded Q3 expectations, boosting shares by 6.2%. Bath & Body Works shares fell 25% due to lowered guidance and a challenging holiday season. Verizon plans to cut over 13,000 jobs and convert retail stores to franchises, slightly impacting shares by 0.1%.

