Sector Update: Consumer Stocks Mixed Pre-Bell Monday
Consumer stocks were mixed pre-bell Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.3% lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) marginally advancing.GameStop (GME) Chief Executive Ryan Cohen is considering pulling the company's $56 billion bid for eBay (EBAY), Bloomberg reported, citing people familiar with the matter. Shares of GameStop were up 3%, while eBay stock was down 0.1% premarket.Dole (DOLE) shares were down more than 5% after the company posted a decline in Q2 adjusted earnings.Diageo (DEO) received a warning from India's food safety regulator regarding misleading claims that one of its popular whiskies was aged in American oak casks, Reuters reported, citing a confidential government notice. Diageo stock was 0.5% higher pre-bell.
