Hi,
moomoo ID:NaN
Log Out
English
Back
Log in to access Online Inquiry

Sector Update: Consumer Stocks Extending Monday Advance

MT Newswires ·  {{timeTz}}

03:53 PM EDT, 10/03/2022 (MT Newswires) -- Consumer stocks were ending broadly higher in Monday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) climbing 1.9% and the SPDR Consumer Discretionary Select Sector ETF (XLY) rising 0.7%.

In company news, Blue Apron (APRN) plunged over 43% after the direct-to-consumer recipe and food delivery company announced plans for an at-the-market offering of up to $15 million of its class A common shares from time to time through Canaccord Genuity as its sales agent.

Tesla (TSLA) fell 8.2% after the electric-vehicle company said it delivered 343,830 vehicles during the just-completed Q3, up from 241,300 vehicles during the year-ago period but still lagging Wall Street expectations for 364,660 deliveries during the three months ended Sept. 30 as the company launched a new regionally based delivery system. Overall, Tesla produced 365,923 units during Q3, it said.

ABB (ABB) declined 5% after Monday completing the spinoff of its Accelleron Industries turbocharging technology subsidiary, which will trade on the SIX Swiss Exchange in Zurich using the ACLN ticker symbol.

Among gainers, Innovative Eyewear (LUCY) rallied Monday, climbing over 13%, after announcing a multi-year global license to the Nautica brand for smart eyewear expected to launch during the upcoming holiday season and powered by its Lucyd technology.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.