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Sector Update: Consumer Stocks Flat to Higher Premarket Tuesday
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Sector Update: Consumer Stocks Flat to Higher Premarket Tuesday
Nov 5, 2024 8:19 AM

09:05 AM EST, 11/05/2024 (MT Newswires) -- Consumer stocks were flat to higher premarket Tuesday with the Consumer Staples Select Sector SPDR Fund ( XLP ) unchanged and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) recently up 0.4%.

Restaurant Brands International (QSR) shares declined by over 2% after the company reported Q3 adjusted earnings and revenue that missed analysts' expectations.

Archer-Daniels-Midland ( ADM ) shares were down more than 9% after the company projected a decline in Q3 adjusted earnings and lowered its full-year adjusted earnings per share outlook.

Bowlero ( BOWL ) shares advanced by over 15% after the company reported higher fiscal Q1 earnings and revenue.

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