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Udemy (UDMY) stock rose 12.66% on December 17, leading a mixed consumer sector where the broader Consumer Staples Select Sector SPDR Fund (XLP) gained only 0.47%.
Consumer sector stocks showed mixed performance on Tuesday, December 16, with the Consumer Staples Select Sector SPDR Fund (XLP) falling 0.45% while the Consumer Discretionary Select Sector SPDR Fund (XLY) edged up 0.16%.
A weak November jobs report is expected, amplifying concerns of a potential recession. The Federal Reserve has signaled a pause on rate cuts, while market analysts warn of a significant stock market drop if a downturn materializes.