Sector Update: Consumer Stocks Advance Pre-Bell Thursday

From Nasdaq: 2024-09-19 09:17:46

Consumer stocks were slightly up pre-bell, with XLP up 0.02% and XLY up 1.9%. Darden Restaurants reported a sales increase to $2.76 billion in fiscal Q1, boosting DRI shares by 7%.

Alibaba Group Holding saw a 4% increase in shares after Alibaba Cloud released over 100 open-sourced Qwen 2.5 language models. Topgolf Callaway Brands shares rose by over 3% following a new multi-year deal with Golf Saudi Entertainment for marketing and distribution in Saudi Arabia.



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