financetom
Market
financetom
/
Market
/
Sector Update: Consumer Stocks Lower in Late Afternoon Trading
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Consumer Stocks Lower in Late Afternoon Trading
Aug 10, 2026 1:05 PM

03:55 PM EDT, 08/10/2026 (MT Newswires) -- Consumer stocks declined late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.3%.

In corporate news, Blackstone's (BX) portfolio firm Safe Harbor has agreed to acquire MarineMax ( HZO ) for $53 per share in cash, valuing the recreational boat retailer at about $1.5 billion, including debt, the companies said Monday. MarineMax ( HZO ) shares surged 46%.

Lincoln Educational Services ( LINC ) shares fell 23% after the company reported lower-than-expected student start growth of only 1% in Q2.

GameStop ( GME ) Chief Executive Ryan Cohen is considering pulling the company's $56 billion bid for eBay ( EBAY ) , Bloomberg reported Monday. Cohen is instead weighing a proposal for a joint venture or partnership that would let eBay ( EBAY ) leverage GameStop's ( GME ) roughly 1,600 US retail locations, the report said. GameStop ( GME ) shares were down 1.8%, and eBay ( EBAY ) fell 3.4%.

Imax ( IMAX ) said Monday that "The Odyssey" is now the highest grossing IMAX ( IMAX ) release of all time with $289 million in ticket sales in less than a month. The film has taken in a total of $147 million in IMAX ( IMAX ) in North America during the period, the company said. Imax ( IMAX ) shares gained 4.9%.

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 >
Sector Update: Health Care
Sector Update: Health Care
Mar 24, 2026
08:56 AM EDT, 03/24/2026 (MT Newswires) -- Health care stocks were mixed pre-bell Tuesday, with the State Street Health Care Select Sector SPDR ETF (XLV) down 0.2% and the iShares Biotechnology ETF (IBB) slightly higher. Amylyx Pharmaceuticals ( AMLX ) shares were up more than 4% after the company said it has completed patient enrollment for the phase 3 trial...
Sector Update: Tech
Sector Update: Tech
Mar 24, 2026
08:52 AM EDT, 03/24/2026 (MT Newswires) -- Technology stocks were mixed premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) slightly lower and the State Street SPDR S&P Semiconductor ETF (XSD) up 1.1%. Concentrix ( CNXC ) stock was down more than 10% after the company reported a decline in fiscal Q1 adjusted earnings which, along with...
Traders Weigh Conflicting Signals on US-Iran Talks, Driving Premarket Losses for US Equity Futures
Traders Weigh Conflicting Signals on US-Iran Talks, Driving Premarket Losses for US Equity Futures
Mar 24, 2026
08:19 AM EDT, 03/24/2026 (MT Newswires) -- US equity futures were lower pre-bell Tuesday as traders stayed on the sidelines amid the latest developments in the US-Iran conflict. Dow Jones Industrial Average futures were down 0.5%, S&P 500 futures were 0.4% lower, and Nasdaq futures were also down 0.4%. President Donald Trump said Monday in a Truth Social post that...
Sector Update: Tech Stocks Mixed Premarket Tuesday
Sector Update: Tech Stocks Mixed Premarket Tuesday
Mar 24, 2026
09:09 AM EDT, 03/24/2026 (MT Newswires) -- Technology stocks were mixed premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) 0.5% lower and the State Street SPDR S&P Semiconductor ETF ( XSD ) up 0.3%. Concentrix ( CNXC ) stock was down more than 11% after the company reported a decline in fiscal Q1 adjusted earnings which,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved