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Sector Update: Consumer Stocks Advance Premarket Friday
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Sector Update: Consumer Stocks Advance Premarket Friday
May 31, 2024 6:46 AM

09:19 AM EDT, 05/31/2024 (MT Newswires) -- Consumer stocks were advancing premarket Friday as the Consumer Staples Select Sector SPDR Fund ( XLP ) was up 0.2% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was marginally higher.

Nordstrom ( JWN ) fell by more than 1% after it reported a fiscal Q1 adjusted net loss of $0.24 per diluted share, compared with earnings of $0.07 per share a year earlier.

BRP (DOOO) was down by nearly 4% after it reported lower fiscal Q1 normalized earnings and revenue. The company also lowered its EPS and revenue outlook for the full year.

Flutter Entertainment ( FLUT ) said its primary listing is now on the New York Stock Exchange. Flutter Entertainment ( FLUT ) was 0.3% lower pre-bell.

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