Sector Update: Consumer Stocks Mixed Pre-Bell Monday

MT Newswires Live
09 Jun

Consumer stocks were mixed pre-bell Monday, with The Consumer Staples Select Sector SPDR Fund (XLP) marginally advancing and The Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.1%.

VinFast Auto (VFS) shares were up more than 11% after the company reported higher Q1 revenue.

Starbucks (SBUX) stock was nearly 1% lower after the company said it will reduce the prices of some of its iced drinks by an average of 5 yuan ($0.70) in China.

The Children's Place (PLCE) shares were down more than 23% after the company posted a wider Q1 adjusted net loss amid lower net sales.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10