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Sector Update: Consumer Stocks Edge Higher Premarket Thursday
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Sector Update: Consumer Stocks Edge Higher Premarket Thursday
Nov 2, 2024 11:46 PM

09:07 AM EDT, 10/24/2024 (MT Newswires) -- Consumer stocks were edging higher premarket Thursday with the Consumer Staples Select Sector SPDR Fund ( XLP ) slightly advancing and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) up almost 2% recently.

Unilever ( UL ) shares rose nearly 3% after the company reported a Q3 turnover of 15.2 billion euros ($16.42 billion), unchanged from a year earlier, while underlying sales for the quarter grew by 4.5%.

TAL Education Group ( TAL ) shares advanced more than 4% after the company reported higher fiscal Q2 non-GAAP earnings and net revenue.

Darling Ingredients ( DAR ) shares declined by more than 7% after the company reported lower Q3 earnings and net sales.

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