Sector Update: Consumer
Consumer stocks were leaning lower premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) declining by 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.2%. PepsiCo (PEP) stock was down nearly 3% even after the company posted higher fiscal Q2 core earnings and net revenue.
Consumer stocks were leaning lower premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) declining by 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.2%.
PepsiCo (PEP) stock was down nearly 3% even after the company posted higher fiscal Q2 core earnings and net revenue.