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Sector Update: Consumer Stocks Mixed Pre-Bell Wednesday

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Consumer stocks were mixed pre-bell Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing by 0.4%.

Lululemon athletica (LULU) stock was up more than 3% after the company said it has settled its dispute with its founder, Chip Wilson.

PDD Holdings (PDD) shares were down more than 7% after the company posted Q1 non-GAAP earnings and revenue that missed analysts' estimates, with non-GAAP EPS declining year over year.

Dick's Sporting Goods (DKS) stock was down more than 2% after the company reported a decline in fiscal Q1 non-GAAP earnings.

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