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Sector Update: Consumer Stocks Rise Premarket Tuesday
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Sector Update: Consumer Stocks Rise Premarket Tuesday
Oct 15, 2024 8:22 AM

09:10 AM EDT, 10/15/2024 (MT Newswires) -- Consumer stocks rose premarket Tuesday with the Consumer Staples Select Sector SPDR Fund ( XLP ) up 0.2% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) 0.04% higher recently.

Coty ( COTY ) shares were down more than 5% after the company reported preliminary results for Q1, including its sales rising about 4% to 5% like for like, lower than its previously estimated growth of 6%.

Kroger ( KR ) shares were up 0.3% after the company said it plans to hire over 25,000 workers to support its operations during the upcoming holiday season.

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