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Sector Update: Consumer Stocks Mixed Pre-Bell Friday

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Consumer stocks were mixed pre-bell Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 1.3% lower.

Magnum Ice Cream (MICC) shares were up more than 12% after Reuters reported that Blackstone (BX) and Clayton, Dubilier & Rice are in the early stages of considering bids for the company.

H World Group (HTHT) stock was down 0.9% even after the company posted higher Q1 adjusted earnings and revenue.

Walmart (WMT) has asked Flipkart to delay its initial public offering plans to focus on achieving EBITDA breakeven before the end of fiscal 2027, Moneycontrol reported, citing unnamed sources having knowledge of the matter. Walmart shares were 0.6% higher premarket.

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