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Sector Update: Consumer Stocks Declining Pre-Bell Thursday

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Consumer stocks were declining premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) retreating 0.3%.

Trip.com (TCOM) shares were down more than 12% pre-bell after the company reported lower Q1 non-GAAP earnings.

Darden Restaurants (DRI) stock lost more than 3% after the restaurant operator reported lower-than-expected fiscal Q4 sales.

Dollar Tree (DLTR) shares declined by 4.4% after the company said that several investment funds tied to Mantle Ridge are executing a secondary block trade to sell 12.8 million common shares.

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SSR Mining Closes Sale of 80% Interest in the Copler Mine for US$1.49 Billion

SSR Mining (SSRM) after the close on Wednesday said it completed the sale of its 80% stake in the Copler mine and related properties in Turkiye to Cengiz Holding A.S. and its affiliates, receiving approximately US$1.49 billion in cash after working-capital adjustments.Its shares closed C$1.31 down to C$40.28 on Toronto Stock Exchange.

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Sector Update: Energy Stocks Decline Late Afternoon

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Sectors

Sector Update: Financial Stocks Softer Late Afternoon

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