Consumer stocks showed mixed performance late Tuesday. The XLP fell 1%, while the XLY gained 0.5%.
Economic Update: Retail Sales Rise
Redbook same-store sales grew 5.6% year-over-year. Last week’s increase was 5.2%.
Corporate Moves Shake Markets
AT&T (T) in Talks for Lumen Fiber Business
AT&T shares rose 1.2% on potential Lumen (LUMN) deal. Lumen stock plunged over 9%.
Tesla (TSLA) to Showcase Humanoid Robot
Tesla shares climbed 2.9% ahead of its robotics event. The demo will take place on Capitol Hill.
Activist Investor Pushes Lyft (LYFT) for Review
Engine Capital acquired a 1% stake in Lyft. Shares rose 2.2% amid calls for strategic changes.
UniFirst (UNF) Plunges as Cintas (CTAS) Ends Takeover Talks
UniFirst stock crashed over 14% after deal collapse. Cintas shares dipped 0.7%.
Market volatility continues as consumer sectors diverge. Will discretionary stocks maintain momentum?
Stay tuned for further updates on retail and corporate developments.
