Sector Update: Consumer

MT Newswires Live05-15 20:57

Consumer stocks were mixed pre-bell Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 1.3% lower.

Magnum Ice Cream (MICC) shares were up more than 10% after Reuters reported that Blackstone (BX) and Clayton, Dubilier & Rice are in the early stages of considering acquisition bids for the company.

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