Consumer stocks fell late Monday afternoon with the Consumer Staples Select Sector SPDR Fund shedding 0.3% and the Consumer Discretionary Select Sector SPDR Fund down 0.2%.
In corporate news,.
Target Hospitality shares jumped about 24% in recent Monday trading after the company said that its board received an unsolicited non-binding proposal from a TDR Capital affiliate Arrow Holdings.
Target Hospitality said Wednesday it now expects fiscal 2023 adjusted earnings before interest, taxes, depreciation and amortization of $330 million to $340 million, down from its prior guidance.