Sector Update: Consumer Stocks Edge Higher Pre-Bell Friday

MT Newswires Live21:12

Consumer stocks were edging higher pre-bell Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing by 0.1%.

AutoZone (AZO) stock was up more than 1% after the company said it agreed to issue $850 million of 4.95% notes due July 15, 2031 and that the underwriting group will buy the debt securities at about 99.31% of the principal amount.

JD.com (JD) unit JD Property-backed group is preparing to confidentially file for an initial public offering of a real estate investment trust in Singapore, Bloomberg reported, citing people familiar with the matter. Shares of JD.com were up more than 1% premarket.

Amazon.com (AMZN) closed the sale of eight tranches of debt worth $24.92 billion, the company said. Amazon.com stock was 0.6% higher pre-bell.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment