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Sector Update: Consumer

· 02/05/2021 03:58

08:48 AM EST, 02/05/2021 (MT Newswires) -- Consumer stocks were climbing pre-bell Friday as shares of staples companies in the S&P 500 (XLP) were advancing by 0.37% and consumer discretionary firms (XLY) were gaining 0.33% in value.

Estee Lauder (EL) was rallying near 6% as it booked fiscal Q2 adjusted earnings of $2.61 per share compared with $2.11 per share in the previous year. Analysts polled by Capital IQ were expecting adjusted EPS of $1.69.