Sector Update: Consumer Stocks Mixed Premarket Wednesday

MT Newswires Live10-14 21:17

Consumer stocks were mixed premarket Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.8% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.4% lower.

Kimberly-Clark (KMB) has received European Commission approval to acquire Kenvue (KVUE), subject to the sale of its Kotex and other feminine hygiene brands in the European Economic Area, the Commission said. Kimberly-Clark shares were 0.5% higher pre-bell.

GameStop (GME) Chief Executive, President and Chairman Ryan Cohen bought 844,130 shares of the video game retailer on the open market Tuesday, according to a Securities and Exchange Commission Form 4 filing. GameStop stock was up 0.8% premarket.

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