Sector Update: Consumer

MT Newswires Live
27 May

Consumer stocks were flat to higher pre-bell Tuesday, with The Consumer Discretionary Select Sector SPDR Fund (XLY) inactive and The Consumer Staples Select Sector SPDR Fund (XLP) up 0.3%.

PDD Holdings (PDD) shares were down more than 18% after the company reported Q1 non-GAAP earnings and revenue that missed analysts' expectations.

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