Sector Update: Consumer Stocks Mixed Premarket Tuesday

MT Newswires Live
04-08

Consumer stocks were mixed premarket Tuesday, with the Consumer Discretionary Select Sector SPDR Fund (XLY) down 2.6% and the Consumer Staples Select Sector SPDR Fund (XLP) 1.6% higher recently.

Levi Strauss (LEVI) shares were up over 14% after the company reported higher Q1 adjusted earnings and revenue.

Amazon.com's (AMZN) Project Kuiper low-Earth orbit satellite network will be part of Airbus' future onboard satellite inflight connectivity offering, Airbus said. Shares of Amazon.com advanced by over 4% premarket.

Interactive Strength (TRNR) shares rose by over 19% after the company said it has agreed to acquire 100% of Wattbike, an indoor performance training bike business, in an all-stock transaction.

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