Consumer Sector Update for 01/11/2024: IRBT, AMZN, WMT, YUM, XLP, XLY
From Nasdaq:
Consumer stocks were slipping premarket Thursday, with the Consumer Discretionary Select Sector SPDR Fund (XLY) declining by 0.2% and the Consumer Staples Select Sector SPDR Fund (XLP) down 0.1%.
Amazon.com (AMZN) missed the European Commission’s Jan. 10 deadline to file concessions addressing competition concerns related to its planned acquisition of iRobot (IRBT). iRobot was over 2% higher pre-bell.
Walmart (WMT) closed about a dozen East Coast stores due to power outages following a winter storm that has put 90 million people under high wind and flooding warnings, Reuters reported.
Yum! Brands (YUM) promoted Joe Park to chief digital and technology officer, starting March 1. Yum! Brands was off 0.8% in recent premarket activity.
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