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Sector Update: Consumer Stocks Steady Pre-Bell Monday
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Sector Update: Consumer Stocks Steady Pre-Bell Monday
Apr 8, 2024 6:38 AM

09:14 AM EDT, 04/08/2024 (MT Newswires) -- Consumer stocks were steady pre-bell Monday as the Consumer Staples Select Sector SPDR Fund (XLP) was off 0.8% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was recently inactive.

Kimberly-Clark ( KMB ) was 0.3% higher after Australia-based Ansell said it will acquire the company's personal protective equipment business for $640 million.

Alibaba Group's ( BABA ) Alibaba Cloud unit said it has launched a new pricing strategy, effective immediately, for international customers, which includes price cuts of up to 59% on core public cloud products using its data centers outside the Chinese mainland. Alibaba Group ( BABA ) was up 0.4% pre-bell.

Vital Farms ( VITL ) said late Friday that it signed an agreement with Chief Operating Officer Jason Dale under which Dale will move into a non-employee advisory position. Vital Farms ( VITL ) was over 1% higher in recent premarket activity.

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