Sector Update: Consumer Stocks Mixed Pre-Bell Wednesday
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Consumer stocks showed mixed performance pre-bell on Wednesday. The Consumer Staples Select Sector SPDR ETF (XLP) fell 0.3%, while the Consumer Discretionary Select Sector SPDR ETF (XLY) saw a slight increase. PDD Holdings (PDD) was fined 100,000 Chinese renminbi for tax document delays but saw a pre-bell share increase of over 3%. MakeMyTrip (MMYT) shares dropped over 6% after missing revenue expectations. Pursuit Attractions and Hospitality (PRSU) shares rose over 1% following the announcement of a $78.4 million sale of its Flyover business to Brogent Technologies, expected to close in spring 2026.
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