Sector Update: Consumer Stocks Mixed Pre-Bell Monday

MT Newswires Live
06-09

Consumer stocks were mixed pre-bell Monday, with The Consumer Staples Select Sector SPDR Fund (XLP) marginally advancing and The Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.1%.

VinFast Auto (VFS) shares were up more than 11% after the company reported higher Q1 revenue.

Starbucks (SBUX) stock was nearly 1% lower after the company said it will reduce the prices of some of its iced drinks by an average of 5 yuan ($0.70) in China.

The Children's Place (PLCE) shares were down more than 23% after the company posted a wider Q1 adjusted net loss amid lower net sales.

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