Consumer stocks were higher late Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 2.3%.
In company news, Warner Bros. Discovery (WBD) shares rose 0.8% after the Financial Times reported Friday, citing three sources with knowledge of the details, that it’s reconsidering the sale of its film soundtrack library after receiving lower-than-anticipated bids from potential buyers.
Tesla (TSLA) was up over 5% after Reuters reported, citing unnamed sources familiar with the matter, that Chief Executive Elon Musk is planning a trip to China and is looking to meet the country’s Premier Li Qiang.
Toyota Motor (TM) said Friday it completed transferring a vehicle-production plant in St. Petersburg to NAMI, a Russian scientific organization also known as Central Scientific Research Automobile and Automotive Engines Institute. Toyota shares were up 1.3%.
Albertsons (ACI) was rising 1.2% after saying it is expanding its benefit card offering through new partnerships with global financial services company FIS and Soda Health.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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