08:49 AM EDT, 10/02/2024 (MT Newswires) -- Consumer stocks were leaning lower premarket Wednesday as the Consumer Staples Select Sector SPDR Fund (XLP) edged lower and the Consumer Discretionary Select Sector SPDR Fund (XLY) was down 0.7% recently.
Nike ( NKE ) shares declined by over 7% after the company reported lower fiscal Q1 earnings and revenue.