Consumer stocks declined premarket Thursday as the Consumer Staples Select Sector SPDR Fund (XLP) was down 1.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) recently fell by 5.4%.
Nike (NKE) shares were down more than 14%, a day after US President Donald Trump announced tariff hikes on several major apparel-exporting countries.
RH (RH) shares fell by over 33% after the company reported fiscal Q4 earnings and sales that missed analysts' expectations.
Conagra Brands (CAG) shares declined by over 2% after the company reported lower fiscal Q3 adjusted earnings and net sales.
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