
Sector Update: Consumer Stocks Mixed Premarket Monday

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Consumer stocks showed mixed results premarket, with the Consumer Staples ETF up 0.1% and the Consumer Discretionary ETF down 0.2%. Macy's shares rose over 3% following a $55 million investment from Berkshire Hathaway. Starbucks raised its repurchase cap after $2.6 billion in notes were tendered, though its stock fell 0.2%. Lululemon's shares increased 0.5% after a letter criticized founder Chip Wilson's views, which could impact the company's turnaround plan.
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