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Sector Update: Consumer Stocks Flat to Lower Pre-Bell Thursday

BY MT Newswires | CORPORATE | 04/02/26 09:14 AM EDT

09:14 AM EDT, 04/02/2026 (MT Newswires) -- Consumer stocks were flat to lower pre-bell Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) inactive and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declining by 1.9%.

JD.com (JD) stock was down more than 1% after the company priced a 10 billion Chinese renminbi ($1.46 billion) offering of yuan-denominated senior unsecured notes.

Estee Lauder (EL) and Puig Brands are in advanced talks to combine and form one of the world's largest luxury beauty companies, Bloomberg reported, citing people familiar with the matter. Shares of Estee Lauder (EL) were down more than 1% premarket.

Sally Beauty Holdings (SBH) said Adrianne Lee was named as its chief financial officer and senior vice president, effective April 28. The company also reaffirmed its financial guidance for Q2 and fiscal 2026. Sally Beauty (SBH) stock was down more than 3% pre-bell.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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