Consumer stocks were mixed Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) easing 0.2%.
In corporate news, Bath & Body Works (BBWI) named a new chief executive on Monday as the company disclosed preliminary fiscal Q1 earnings that exceeded the high end of its guidance. The shares were down 0.1%.
PepsiCo (PEP) said Monday that it has closed its the acquisition of Poppi for $1.95 billion, which includes $300 million in anticipated cash tax benefits. PepsiCo shares were decreasing 0.4%.
President Trump criticized Walmart (WMT) Saturday, accusing the retailer of using tariffs as an excuse to increase prices despite strong profits. Walmart shares were easing 0.1%.
Toyota Motor (TM) plans to take Toyota Industries private through a tender offer led by a special-purpose vehicle backed by the automaker and Chair Akio Toyoda, Kyodo reported Monday. The deal is expected to be valued at about 6 trillion Japanese yen ($41.42 billion), the report said. Toyota Motor shares were rising 1%.
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