Consumer stocks were mixed premarket Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) retreating 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.1%.
New Oriental Education & Technology Group (EDU) fell 11% even after the company reported higher fiscal Q1 non-GAAP earnings and net revenue.
Stellantis (STLA) stock was up 8% after the company reported a narrower-than-expected Q3 adjusted loss and higher revenue.
Unilever (UL) shares were down more than 3% pre-bell, even after the company reported higher Q3 turnover and underlying sales.
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