Mixed pre-bell session for consumer stocks, with BABA down 5% and ONON up 16%; neutral.

From Nasdaq: 2024-05-14 09:07:44

Consumer stocks had a mixed pre-bell session with XLP up 0.2% and XLY down 0.5%. Alibaba Group Holding (BABA) dropped nearly 5% after reporting lower earnings. On Holding (ONON) surged over 16% on higher Q1 earnings. Sea (SE) saw a 5% increase in Q1 revenue to $3.73 billion.



Read more at Nasdaq: Consumer Sector Update for 05/14/2024: BABA, ONON, SE, XLP, XLY