Sector Update: Consumer Stocks Lower Premarket Monday

MT Newswires Live2024-12-30

Consumer shares were retreating pre-bell Monday with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) 1.4% lower recently.

Stagwell (STGW) shares were up 3.6% after it said it reached an agreement to acquire Create. Group, a digital communications firm in the Middle East.

Lichen China (LICN) shares were down 20% in Monday's premarket trading after it completed a $2.8 million registered direct offering on Friday.

Skechers USA (SKX) and LL Bean agreed to a settlement in which LL Bean agreed to stop selling shoes which allegedly infringed on Skechers' designs, Reuters reported late Thursday, citing court documents. Skechers declined to comment on a matter of litigation. LL Bean did not immediately reply to MT Newswires' request for comment. Skechers shares fell 0.8% pre-bell Monday.

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