financetom
Business
financetom
/
Business
/
Sector Update: Consumer Stocks Lean Lower Pre-Bell Friday
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Consumer Stocks Lean Lower Pre-Bell Friday
Aug 16, 2024 6:38 AM

09:16 AM EDT, 08/16/2024 (MT Newswires) -- Consumer stocks were leaning lower pre-bell Friday, with The Consumer Staples Select Sector SPDR Fund ( XLP ) down 0.2% and The Consumer Discretionary Select Sector SPDR Fund ( XLY ) declining 0.4%.

Amcor ( AMCCF ) shares were more than 3% lower after the company overnight reported fiscal Q4 net sales of $3.54 billion, down from $3.67 billion a year earlier.

H&R Block ( HRB ) stock was over 8% higher after the company late Thursday posted upbeat fiscal Q4 results, raised its quarterly dividend, and authorized a new $1.50 billion stock buyback program.

RLX Technology ( RLX ) shares were up 0.6% after the company reported higher Q2 non-GAAP earnings and revenue.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
NeoTerrex Minerals Completes Maiden Drill Program at its Mount Discovery Rare-Earths Project
NeoTerrex Minerals Completes Maiden Drill Program at its Mount Discovery Rare-Earths Project
May 22, 2024
02:04 PM EDT, 05/22/2024 (MT Newswires) -- NeoTerrex Minerals (NTX.V) on Wednesday said it completed a maiden drill program on its Mount Discovery rare earths property in southwestern Quebec. The drill program consisted of 2,148 meters across 16 diamond drill holes, targeting various previously identified surface occurrences. Scintillometer readings of the core indicated that anomalous quantities of thorium are present...
Putin approves closure of American Express Russian business
Putin approves closure of American Express Russian business
May 22, 2024
MOSCOW, May 22 (Reuters) - Russian President Vladimir Putin has granted American Express Co ( AXP ) the right to voluntary liquidate its Russian business, according to a decree published on the official website. It is not specified in the decree how and when exactly the liquidation process will take place. The future of American Express ( AXP ) in...
Anavex Life Sciences Expands Leadership Team; Shares Rise
Anavex Life Sciences Expands Leadership Team; Shares Rise
May 22, 2024
02:06 PM EDT, 05/22/2024 (MT Newswires) -- Anavex Life Sciences ( AVXL ) shares were up more than 3% in recent Wednesday trading after the company reported new appointments to its leadership team. The company hired Juan Carlos Lopez-Talavera as head of research and development, Terrie Kellmeyer as senior vice president of clinical development, and Jeffrey Edwards as vice president...
Southern Copper aims to boost its Peru copper output by 520,000 tons in 8-10 years
Southern Copper aims to boost its Peru copper output by 520,000 tons in 8-10 years
May 22, 2024
LIMA, May 22 (Reuters) - Southern Copper ( SCCO ), Peru's third largest copper producer controlled by Grupo Mexico , expects to boost its copper production in Peru by 520,000 metric tons in 8-10 years if it executes its $8.5 billion portfolio of projects, a top executive said on Wednesday. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved