Sector Update: Consumer Stocks Advance Premarket Thursday

MT Newswires Live10-29 21:11

Consumer stocks were advancing premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 1.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.8% higher.

DoorDash (DASH) shares were up more than 6% after the company reported higher Q3 net income and revenue. Separately, DoorDash signed a definitive deal to acquire Maplebear (CART), also known as Instacart, for $65 per Instacart share, or an equity value of about $17 billion.

Anheuser-Busch InBev (BUD) stock was down more than 2% even after the company posted higher Q3 underlying earnings and revenue.

Altria Group (MO) shares were up more than 1% after the company posted higher Q3 adjusted earnings and revenue, and raised its fiscal 2026 adjusted EPS outlook.

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