
Sector Update: Consumer Stocks Decline Tuesday Afternoon

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Consumer stocks declined Tuesday afternoon, with ETFs XLP and XLY down 0.2%. Redbook US same-store sales rose 7.2% year-over-year, attributed to last-minute Christmas shopping. Stanley Black & Decker was sued by the US Justice Department, causing shares to drop 0.9%. Toyota is recalling 55,405 vehicles due to a bolt issue, with shares easing 0.2%. Nike shares rose slightly despite Argus cutting its price target to $70 from $85.

