
Sector Update: Consumer Stocks Mixed Late Afternoon

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Consumer stocks showed mixed performance, with the Consumer Staples ETF rising 1.6% and the Consumer Discretionary ETF falling 1.2%. Redbook reported a 9.6% increase in same-store sales, driven by seasonal products. Under Armour's shares dropped 18% after issuing weak guidance. eBay rejected GameStop's $55.5 billion acquisition proposal, causing GameStop shares to fall 3.2% while eBay rose 2.3%. Wendy's shares surged 17% amid potential take-private bid news, and Sea reported Q1 revenue growth, with shares climbing 13%.
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