CONSUMERS STA (XLP)

The Russell 2000, which tracks small caps, rallied on Thursday, outpacing large-cap benchmarks as investors piled into interest-rate-sensitive stocks a day after the Federal Reserve cut rates by 25 basis points and signaled more easing ahead

Small-cap and blue-chip stocks advanced in Wednesday morning trading on Wall Street, while technology names lagged and the S&P 500 hovered near record levels as investors braced for the Federal Reserve's interest rate decision.

After strong results last week, Roth Capital upgraded the stock to ‘Buy.’

AI-linked stocks rallied Wednesday, fueled by investor optimism that artificial intelligence will power earnings growth after Oracle Corp. (NYSE:ORCL) revealed a massive backlog of AI-related orders.

The comments from the U.S.’s largest private employer are reassuring amid growing signs that AI is claiming jobs across many sectors.

Labor market trends reveal cooling but not weakening in the labor market; the FOMC can provide a catalyst to reinvigorate hiring and consumer spending.

The benchmark S&P 500 index reached another record high on Thursday.

Coca-Cola Icecek's net income dropped 31% in the second quarter.

The Q3 earnings cycle will produce stronger results than what is forecasted in early September, driven by AI and resilient consumers.

PwC’s survey indicates that overall spending will decrease by about 5% from last year, with Gen Z reducing their holiday budgets by nearly a quarter, while older shoppers plan to maintain their current spending levels or increase it.