Sector Update: Consumer Stocks Lean Lower Premarket Friday

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Sector Update: Consumer Stocks Lean Lower Premarket Friday

, MT Newswires - 9:10 AM ET 4/4/2025 default

09:10 AM EDT, 04/04/2025 (MT Newswires) -- Consumer stocks leaned lower premarket Friday as the Consumer Staples Select Sector SPDR Fund ( XLP ) fell by 0.4% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was recently down 3.6%.

Alibaba Group Holding ( BABA ) shares declined by 8% and JD.com ( JD ) shares fell by over 8% in premarket activity after China vowed to impose an additional 34% tariff on all imported US goods, effective April 10.

Guess? (GES) shares fell nearly 3% after the company reported a decline in Q4 adjusted non-GAAP earnings. The company also projected a wider fiscal Q1 adjusted non-GAAP EPS loss than analysts' estimates.

Bunge Global ( BG ) said its Bunge Limited Finance further extended the expiration of its previously announced offers to exchange outstanding 2% notes due 2026, 4.9% notes due 2027, 3.2% notes due 2031, and 5.25% notes due 2032 issued by Viterra Finance. Bunge Global ( BG ) shares were down more than 2% premarket.

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