Consumer Stocks Rising Amid Broader Market Advance


Consumer stocks were mostly higher Tuesday afternoon, with shares of consumer staples companies in the S&P 500 posting a 0.5% gain while shares of consumer discretionary firms in the S&P 500 were increasing over 1.2%.

In company news, JetBlue Airways (JBLU) was higher during Tuesday trading after it reported a 7.1% increase in traffic during November compared with year-ago levels while capacity for the discount airline company increased 5.2% year-over-year.

Traffic as measured by revenue passenger miles grew to 3.46 million miles during November over 3.40 million miles during the year-prior period. Capacity as measured by available seat miles rose to 4.26 million miles last month compared with 4.05 million miles in November 2015.

For the quarter ending Dec. 31, JetBlue is projecting a 1% to 2% dip in Q4 revenue per available seat mile from year-ago levels while December revenue per available seat mile is seen rising about 1% due to incentive payments linked to the airline’s co-branded credit card agreement.