Financial Wire

Sector Update: Consumer

Consumer stocks were higher Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.6%.In corporate news, Constellation Brands (STZ) shares jumped past 7% after the company reported late Wednesday fiscal Q4 non-GAAP net income and revenue that beat analysts' expectations.

-- Consumer stocks were higher Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.6%.

In corporate news, Constellation Brands (STZ) shares jumped past 7% after the company reported late Wednesday fiscal Q4 non-GAAP net income and revenue that beat analysts' expectations.