08:11 AM EDT, 06/28/2024 (MT Newswires) -- Consumer stocks were leaning lower pre-bell Friday, with the Consumer Staples Select Sector SPDR Fund (XLP) and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.1%.

Nike ( NKE ) stock was 15% lower as multiple analyst downgrades, including those from JPMorgan and Morgan Stanley, followed lower fiscal Q4 revenue posted by the company late Thursday.