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Sector Update: Consumer Stocks Edge Higher Premarket Tuesday

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Consumer stocks were edging higher premarket Tuesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) advancing by 1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.1%.

Home Depot (HD) stock was up more than 2% after the company posted higher fiscal Q2 adjusted earnings and net sales.

Alibaba Group (BABA) shares were up more than 2% after Alipay said it launched a full-stack agentic AI commerce platform for merchants.

Amer Sports (AS) stock was up more than 6% after the company reported higher Q2 adjusted earnings and revenue, and raised its 2026 outlook.

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