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Sector Update: Consumer Stocks Edge Higher Pre-Bell Friday
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Sector Update: Consumer Stocks Edge Higher Pre-Bell Friday
Nov 29, 2024 6:28 AM

09:12 AM EST, 11/29/2024 (MT Newswires) -- Consumer stocks were edging higher pre-bell Friday as the Consumer Staples Select Sector SPDR Fund ( XLP ) rose by 0.1% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was up 0.4% recently.

Jeffs' Brands ( JFBR ) shares were up more than 11% after the company said Wellution, a wellness brand under its 49%-owned subsidiary SciSparc Nutraceuticals, received trademark registration for its non-medicated skincare and hair care products.

Miniso Group Holding ( MNSO ) shares were slightly up after the company reported higher Q3 adjusted earnings and revenue.

PDD's (PDD) Temu and its rival Shein are among the e-commerce site operators expanding further into the toy market in a bid to rake in sales from Black Friday shopping, Reuters reported. PDD shares were 0.3% higher premarket.

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