Sector Update: Consumer Stocks Fall Pre-Bell Friday

MT Newswires Live03-20 21:13

Consumer stocks were falling pre-bell Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declining by 0.2%.

McCormick (MKC) is engaged in discussions for a potential acquisition of Unilever's (UL) food business, the companies said. Shares of Unilever were up more than 1% premarket.

Ermenegildo Zegna (ZGN) stock was up 0.2% after the company reported higher 2025 earnings.

Amazon.com (AMZN) is developing a new smartphone, marking a potential return to the category more than a decade after its failed Fire Phone, Reuters reported, citing people familiar with the matter. Amazon.com shares were 0.5% lower pre-bell.

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