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Sector Update: Consumer Stocks Mixed Premarket Friday
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Sector Update: Consumer Stocks Mixed Premarket Friday
Jul 12, 2024 6:26 AM

09:09 AM EDT, 07/12/2024 (MT Newswires) -- Consumer stocks were mixed premarket Friday as the Consumer Staples Select Sector SPDR Fund ( XLP ) was up 0.2% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was 0.2% lower recently.

Bally's (BALY) was up nearly 3% after saying Gaming and Leisure Properties ( GLPI ) will provide it with a total of $2.07 billion in financing as part of a series of real estate deals involving buyback-and-lease arrangements at US casinos.

Unilever ( UL ) intends to cut one-third of all of its office jobs in Europe by the end of next year, the Financial Times reported, citing a company-wide call, the details of which were shared with it. Unilever ( UL ) rose past 1% pre-bell.

Shineco ( SISI ) fell by over 51% after it priced an underwritten public offering of 1,869,160 shares at $1.07 per share for gross proceeds of about $2 million.

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