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Sector Update: Consumer Stocks Mixed Pre-Bell Tuesday
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Sector Update: Consumer Stocks Mixed Pre-Bell Tuesday
Jul 30, 2024 6:22 AM

09:14 AM EDT, 07/30/2024 (MT Newswires) -- Consumer stocks were mixed pre-bell Tuesday, with the Consumer Discretionary Select Sector SPDR Fund ( XLY ) recently up 0.1% and the Consumer Staples Select Sector SPDR Fund ( XLP ) down 1%.

Procter & Gamble ( PG ) shares declined by more than 5% after the company reported fiscal Q4 net sales of $20.53 billion, compared with $20.55 billion a year earlier and the $20.74 billion forecast from analysts polled by Capital IQ.

Archer-Daniels-Midland ( ADM ) shares were down over 2% after it reported lower Q2 adjusted earnings and revenue.

Royal Caribbean Cruises ( RCL ) said it priced a private placement to eligible purchasers of $2 billion principal amount of 6% senior unsecured notes due 2023. Shares of Royal Caribbean Cruises ( RCL ) were slightly higher premarket.

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