Sector Update: Consumer

Last Updated: Friday, August 19, 2022 8:58 AM | MT Newswires

Health care stocks were mixed premarket Friday. The Consumer Discretionary Select Sector SPDR Fund (XLY) was unchanged and the Consumer Staples Select Sector SPDR Fund (XLP) was 0.40% lower recently.

Bed Bath & Beyond (BBBY) has enlisted law firm Kirkland & Ellis as an adviser in managing its debt load that continues to worsen amid slipping sales, Bloomberg News reported, citing an unnamed person with knowledge of the decision. Bed Bath & Beyond was shedding over 37% in value recently.

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