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Sector Update: Consumer Stocks Rise Pre-Bell Friday

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Consumer stocks were rising pre-bell Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.2% higher and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.4%.

Estee Lauder (EL) shares were up more than 12% after the company and Puig said they have ended discussions over a potential merger.

BJ's Wholesale Club (BJ) stock was down more than 4% after the company reported a decline in fiscal Q1 adjusted earnings.

Yum China Holdings (YUMC) said its KFC light-meal business KPRO, now operates more than 300 sites in China. Shares of Yum China Holdings were down more than 1% premarket.

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