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Sector Update: Consumer Stocks Advance Pre-Bell Thursday
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Sector Update: Consumer Stocks Advance Pre-Bell Thursday
May 16, 2024 6:26 AM

09:07 AM EDT, 05/16/2024 (MT Newswires) -- Consumer stocks were advancing pre-bell Thursday as the Consumer Staples Select Sector SPDR Fund ( XLP ) was up 0.7% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was 0.1% higher recently.

Walmart ( WMT ) rose past 6% after it reported higher fiscal Q1 adjusted earnings and revenue. The company also said it now expects to meet the high-end or "slightly" exceed its initial outlook for the full fiscal year.

JD.com ( JD ) was up more than 3% after it reported higher Q1 adjusted earnings and revenue.

Canada Goose Holdings ( GOOS ) advanced by more than 14% after it reported higher fiscal Q4 adjusted earnings and revenue.

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