Price movement of S&P 500 indexes
At the end of the third week of March 2016, the S&P Consumer Discretionary sector had slightly outperformed the S&P Consumer Staples sector and the S&P 500. The indexes had respective returns of 1.5%, 0.80%, and 1.4%.
Along those same lines, S&P Consumer Discretionary stocks had a monthly return of 0.24%, much higher than the -0.41% and 0.06% returns of the S&P 500 and the S&P Consumer Staples sector, respectively.
Last week’s updates from the consumer sector
Key consumer sector updates for the third week of March 2016 were as follows:
- Avon Products (AVP) cut 2,500 jobs and provided guidance for the next three years.
- Caleres’ (CAL) performance fell in 4Q15.
- B&G Foods (BGS) completed its public offering and released revised guidance for its 2016 earnings per share.
- Ingredion (INGR) declared a quarterly dividend of $0.45 per share.
- International Paper (IP) acquired Holmen Paper’s newsprint mill.
In the following articles, we will take a look at the above’ stocks performances, price movements, and latest quarterly results.
The Consumer Staples Select Sector SPDR ETF (XLP) tracks a market-cap–weighted index of consumer staples stocks drawn from the S&P 500. XLP is the ETF of consumer goods.