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Sector Update: Consumer Stocks Mixed Premarket Friday
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Sector Update: Consumer Stocks Mixed Premarket Friday
Feb 21, 2025 6:44 AM

09:20 AM EST, 02/21/2025 (MT Newswires) -- Consumer stocks were mixed premarket Friday with the Consumer Discretionary Select Sector SPDR Fund ( XLY ) 0.4% higher and the Consumer Staples Select Sector SPDR Fund ( XLP ) down 0.1% recently.

Alibaba Group Holding ( BABA ) CEO Eddie Yongming Wu said Thursday in its Q4 earnings call that the company would invest "aggressively" in artificial intelligence. Alibaba Group Holding ( BABA ) shares were over 4% higher premarket.

Vipshop Holdings ( VIPS ) shares advanced by nearly 4% after the company reported lower Q4 non-GAAP earnings and revenue that still topped analysts' expectations.

Celsius (CELH) shares surged 35% after the company overnight reported a beat on Q4 earnings and sales and announced the acquisition of Alani Nutrition.

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