Consumer stocks were edging higher premarket Monday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing by 0.9%.
Sysco (SYY) has agreed to acquire Jetro Restaurant Depot in a cash and stock deal valued at $29.1 billion, the companies said. Sysco stock was down more than 5% pre-bell.
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