From NASDAQ: 2024-07-29 09:14:55

Consumer stocks were on the rise premarket Monday, with the XLP up 0.3% and XLY up 0.7%. Alibaba’s shares went up by 3% following a change in policy to increase service fees from merchants, potentially boosting revenue for the company.

McDonald’s reported lower Q2 non-GAAP earnings and revenue but saw an increase of 0.8% in their shares pre-market. Royal Caribbean Cruises announced a $1.5 billion private offering of senior unsecured notes due 2033, leading to a 0.7% increase in their shares pre-market.



Read more at NASDAQ: Sector Update: Consumer Stocks Edge Higher Premarket Monday