Sector Update: Consumer Stocks Steady Pre-Bell Tuesday

MT Newswires Live
08/26

Consumer stocks were steady pre-bell Tuesday, with the Consumer Staples Select Sector SPDR Fund (XLP) advancing 0.04% and the Consumer Discretionary Select Sector SPDR Fund (XLY) inactive.

Atour Lifestyle Holdings (ATAT) shares were up nearly 6% after the company posted higher Q2 adjusted earnings and revenue.

Olaplex Holdings (OLPX) stock was up nearly 3% after the company said it has acquired Boston-based biotechnology firm Purvala Bioscience.

Gaotu Techedu (GOTU) shares were more than 2% higher after the company reported a narrower Q2 net loss as net revenue increased during the period.

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