Sector Update: Consumer Stocks Edge Higher Pre-Bell Thursday
Consumer stocks were edging higher pre-bell Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing by 0.1%.Bath & Body Works (BBWI) said it opened its first store in Brazil, marking its entry into the country and expanding its global footprint beyond 45 countries. Shares of Bath & Body Works were up more than 4% premarket.Del Monte (DMC) has amended its senior unsecured revolving credit facility, increasing total commitments by $150 million to $900 million, the company said. Del Monte stock was up more than 1% pre-bell.Hasbro (HAS) has entered into a new licensing partnership with Nintendo to develop toys based on the Legend of Zelda franchise. Shares of Hasbro were 0.4% lower premarket.
