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Sector Update: Consumer Stocks Advance Premarket Monday
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Sector Update: Consumer Stocks Advance Premarket Monday
Mar 23, 2026 6:33 AM

09:10 AM EDT, 03/23/2026 (MT Newswires) -- Consumer stocks were advancing premarket Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 1.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 2.4% higher.

Amazon.com's ( AMZN ) "Project Hail Mary" movie earned roughly $80.5 million in ticket sales in its first weekend playing in North America, news outlets reported, citing studio estimates. Shares of Amazon.com ( AMZN ) were 2% higher pre-bell.

PepsiCo ( PEP ) is sourcing 95% of ingredients locally in a bid to offset headwinds from ongoing geopolitical tensions and cost pressures, Bloomberg News reported, citing Asia Pacific Chief Executive Anne Tse. PepsiCo ( PEP ) stock was up more than 1% premarket.

Molson Coors Beverage ( TAP/A ) shares were up more than 1% after the company said it has acquired Atomic Brands, a maker of ready-to-drink alcoholic beverages.

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