Sectors
Sector Update: Consumer Stocks Advance Premarket Wednesday
Consumer stocks were advancing premarket Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.1% higher and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.2%.Trip.com Group (TCOM) shares were up more than 4% after the company posted higher Q2 adjusted earnings and net revenue.LuxExperience (LUXE) stock was up more than 15% after the company reported higher fiscal Q4 net sales.Starbucks (SBUX) is considering selling a majority stake in its Japan business in a deal that could value it at $3 billion, Reuters reported, citing people familiar with the matter. Starbucks shares were 0.2% higher pre-bell.
$LUXE$SBUX$TCOM$XLP$XLY
