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Wire

Top Midday Decliners

Estee Lauder (EL) remains in talks with Puig over a potential business combination, though there's no announcement to make yet, Reuters reported Tuesday, citing Estee Lauder Chief Executive Stephane de La Faverie.Shares dropped 4.5%, with intraday trading volume rising to over 2.26 million from a daily average of about 4.44 million.XP (XP) shares slumped more than 5% after the company reported Q1 results that fell short of analyst expectations.More than 8.26 million shares traded intraday, compared with a daily average of about 5.67 million.MakeMyTrip (MMYT) shares were down about 10% following its fiscal Q4 results.More than 1.12 million shares of the company traded intraday, compared with a daily average of about 1.43 million.Price: $76.12, Change: $-3.90, Percent Change: -4.87%

$EL$MMYT$XP
Sectors

Sector Update: Consumer Stocks Lean Lower Premarket Tuesday

Consumer stocks were leaning lower premarket Tuesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) declining by 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.7%.Amer Sports (AS) shares were up more than 4% after the company posted higher Q1 adjusted earnings and revenue, and raised its 2026 outlook.MakeMyTrip (MMYT) stock was down more than 4% after the company reported a decline in fiscal Q4 adjusted earnings.Home Depot (HD) shares were down more than 1% after the company reported lower fiscal Q1 adjusted earnings.

$AS$HD$MMYT$XLP$XLY
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