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Sector Update: Consumer Stocks Mixed Premarket Friday
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Sector Update: Consumer Stocks Mixed Premarket Friday
May 3, 2024 6:40 AM

09:07 AM EDT, 05/03/2024 (MT Newswires) -- Consumer stocks were mixed premarket Friday as the Consumer Staples Select Sector SPDR Fund ( XLP ) was inactive and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) recently advanced by 1.1%.

Hershey (HSY) shares were up 0.3% after the company reported higher Q1 adjusted earnings and revenue.

DraftKings ( DKNG ) shares were nearly 5% higher after the company said it swung to Q1 adjusted earnings as revenue increased during the period.

Buyout equity firm Sycamore Partners has expressed interest in taking Nordstrom ( JWN ) private, Reuters reported, citing people familiar with the matter. Nordstrom ( JWN ) shares rose past 1% pre-bell.

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