financetom
Market
financetom
/
Market
/
Sector Update: Consumer
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Consumer
Sep 26, 2024 6:56 AM

08:55 AM EDT, 09/26/2024 (MT Newswires) -- Consumer stocks rose in Thursday's premarket hours with the Consumer Staples Select Sector SPDR Fund (XLP) 0.2% higher and the Consumer Discretionary Select Sector SPDR Fund (XLY) recently up 1.1%.

Starbucks ( SBUX ) is removing Princi brand baked goods at its high-end Roastery and Reserve cafes, Bloomberg reported, citing an internal memo. Starbucks ( SBUX ) shares were up over 3% pre-bell.

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 >
US Benchmark Stock Indexes Jump as Inflation Cools Ahead of Fed Policy Announcement
US Benchmark Stock Indexes Jump as Inflation Cools Ahead of Fed Policy Announcement
Jun 12, 2024
12:15 PM EDT, 06/12/2024 (MT Newswires) -- US benchmark stock indexes rose as inflation eased ahead of the June policy announcement from the Federal Reserve, enabling policymakers to incorporate fresh data in their projections for interest rates this year. The Nasdaq Composite jumped 1.8% to 17,655.1, with the S&P 500 up 1.2% to 5,437.2 and the Dow Jones Industrial Average...
Crypto-Linked Stocks Coinbase And MicroStrategy Are Rising Wednesday: What's Going On?
Crypto-Linked Stocks Coinbase And MicroStrategy Are Rising Wednesday: What's Going On?
Jun 12, 2024
Crypto-linked stocks including Coinbase Global Inc ( COIN ) and MicroStrategy Inc ( MSTR ) are trading higher Wednesday amid strength in Bitcoin (CRYPTO: BTC) following softer-than-expected CPI data for May. What To Know: Bitcoin is up more than 4% over a 24-hour period, driving strength in the broader crypto space and crypto-related stocks. The pop in crypto prices came...
US consumer prices unchanged in May; rate-cut expectations rise
US consumer prices unchanged in May; rate-cut expectations rise
Jun 12, 2024
WASHINGTON (Reuters) - U.S. consumer prices were unexpectedly unchanged in May as cheaper gasoline and other goods offset higher costs for rental housing, but inflation likely remains too high for the Federal Reserve to start cutting interest rates before September. The report from the Labor Department on Wednesday also showed underlying inflation pressures abated significantly last month, with the cost...
US consumer prices unchanged in May; rate-cut expectations rise
US consumer prices unchanged in May; rate-cut expectations rise
Jun 12, 2024
WASHINGTON (Reuters) - U.S. consumer prices were unexpectedly unchanged in May as cheaper gasoline and other goods offset higher costs for rental housing, but inflation likely remains too high for the Federal Reserve to start cutting interest rates before September. The report from the Labor Department on Wednesday also showed underlying inflation pressures abated significantly last month, with the cost...
Copyright 2023-2025 - www.financetom.com All Rights Reserved