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WPP plc
(NYSE: WPP)
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8:00 PM UTC, 04/17/25 | |||
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| Last: $35.66 | Change: +0.20 | %Change: +0.56% | Volume: 300,546 | |
Sector Update: Consumer Stocks Decline in Late Afternoon Trading
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Last updated: 01/07/2025 3:49:25 PM
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Last updated: 01/07/2025 3:49:25 PM
03:49 PM EST, 01/07/2025 (MT Newswires) -- Consumer stocks were decreasing late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 2.1%.
Redbook US same-store sales rose 6.8% from a year earlier in the week ended Jan. 4 after a 7.1% year-over-year increase in the previous week.
In sector news, online shopping climbed to a record in the 2024 holiday season, with the majority of US e-commerce transactions taking place on mobile devices and AI powering click throughs to retail websites, Adobe (ADBE) Analytics' data showed Tuesday.
In corporate news, Amazon.com's (AMZN) Amazon Web Services said Tuesday it is working with Honda Motor (HMC) to help the carmaker build software-defined vehicles. Amazon shares were falling 2.4%, and Honda gained 1.8%.
WPP (WPP) has mandated a new return-to-office policy, requiring employees to work from offices at least four days per week, the Financial Times reported. WPP shares were falling 5.2%.
Cintas (CTAS) said it offered to acquire UniFirst (UNF) for $275 per share in cash, implying a total value of about $5.3 billion for the target. UniFirst said its board rejected the unsolicited and "highly conditional" offer. Cintas shares rose 2.1%, and UniFirst jumped about 20%.
Tesla (TSLA) faces an investigation involving about 2.59 million vehicles with "Actually Smart Summon" autonomous driving feature following crash reports, the US National Highway Traffic Safety Administration said. Separately, Tesla supplier Contemporary Amperex Technology, or CATL, was added to the US Department of Defense's list of Chinese military companies, according to a Tuesday update to the list. Tesla shares were down 4.4%.
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