Sector Update: Consumer Stocks Flat to Lower Premarket Thursday

MT Newswires Live10-10

Consumer stocks were flat to lower premarket Thursday with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) recently inactive.

Marriott International (MAR) and its subsidiary Starwood Hotels & Resorts Worldwide will be required to implement an information security program to settle charges over three large data breaches from 2014 to 2020 which affected over 344 million customers globally, the US Federal Trade Commission said. Marriott International shares were down 0.6% pre-bell.

Buckle (BKE) shares were over 1% lower after the company reported net sales of $100.6 million for the five-week fiscal month ended Oct. 5, down from $103.1 million a year earlier.

Bassett Furniture Industries (BSET) shares fell past 2% after the company reported a wider fiscal Q3 loss as net sales fell during the period.

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