Sector Update: Consumer-February 2024-www.financetom.com

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Sector Update: Consumer

Feb 21, 2025 6:11 AM

08:55 AM EST, 02/21/2025 (MT Newswires) -- Consumer stocks were steady premarket Friday with the Consumer Discretionary Select Sector SPDR Fund (XLY) and the Consumer Staples Select Sector SPDR Fund (XLP) flat 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 up nearly 4% in recent premarket activity.

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