Sector Update: Consumer Stocks Advance Pre-Bell Wednesday
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Consumer stocks showed positive movement pre-bell on Wednesday, with the Consumer Staples Select Sector SPDR Fund (XLP) rising 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) increasing by 0.3%. Notable gainers included On Holding (ONON), up nearly 22% after reporting higher Q3 earnings and raising its 2025 sales outlook, McGraw Hill (MH), which rose over 13% following an increase in its fiscal 2026 revenue guidance, and Arcos Dorados (ARCO), up more than 4% after reporting improved Q3 earnings and revenue.
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