Sector Update: Consumer Stocks Mixed Premarket Monday

MT Newswires Live
Sep 08

Consumer stocks were mixed premarket Monday, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) 0.4% higher.

Alibaba's (BABA) cloud unit led a 1 billion Chinese renminbi ($140.2 million) funding round for X Square Robot, Bloomberg reported, citing a statement from the Chinese robotics startup. Shares of Alibaba Group Holding were up more than 3% pre-bell.

Norwegian Cruise Line Holdings (NCLH) stock was down more than 2% after the company said its NCL subsidiary plans to offer $1.03 billion in senior notes due 2031 and 2033 via a private offering.

Playboy (PLBY) shares were up more than 3% after the company said it has won an arbitration case against its former licensee, New Handong Investment, and has been awarded about $81 million in damages, including interest.

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