Consumer stocks were mixed in Monday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) sinking 0.4% while the SPDR Consumer Discretionary Select Sector ETF (XLY) was rising 0.7%.
In company news, Ever-Glory International (EVK) more than doubled in price on Monday, rising over 119% in recent trading, after the branded apparel retailer authorized a $5 million stock buyback program running through the end of the year.
Rover Group (ROVR) was 6% higher during its first day as a public company after the ecommerce platform for pet sitters and dog walkers Monday completed its merger with Nebula Caravel Acquisition (NEBC), a blank-check company backed by True Wind Capital.
To the downside, Ferrari (RACE) slid 2.3% after the carmaker reported 1.04 billion euros in Q2 sales, up more than 82% over the year-ago period but still trailing the Capital IQ consensus expecting 1.07 billion euros in sales for the three months ended June 30.
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