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Sector Update: Consumer Stocks Rise Premarket Tuesday

-- Consumer stocks were rising premarket Tuesday, with the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.9% higher and the State Street Consumer Staples Select Sector SPDR ETF (XLP) slightly advancing.

D.R. Horton (DHI) stock was up more than 6% after the company reported fiscal Q2 net income and revenue that exceeded analysts' expectations.

Amazon.com (AMZN) founder and Executive Chairman Jeff Bezos is nearing a $10 billion fundraising agreement from investors at a $38 billion valuation for his Project Prometheus, the Financial Times reported, citing unnamed people familiar with the matter. Amazon.com shares were up more than 2% pre-bell.

Simply Good Foods (SMPL) said it plans to reduce staff by around 15% as part of a cost-cutting initiative. Shares of Simply Good Foods were 0.3% higher premarket.

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Challenger's Fiscal 2026 Q3 Update Missed Consensus Across Key Life Metrics, Jarden Says

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Proya Cosmetics 2025 Profit Down 4%, Revenue Slips 2%

Proya Cosmetics (SHA:603605) posted 2025 attributable net profit of 1.50 billion yuan, down 3.5% from 1.55 billion yuan the previous year.Earnings per share slid to 3.80 yuan from 3.92 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue declined 1.7% year over year to 10.6 billion yuan from 10.8 billion yuan.Shares of the cosmetics maker were up over 1% in recent trade.

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