08:49 AM EST, 12/11/2024 (MT Newswires) -- Consumer stocks were mixed premarket Wednesday as the Consumer Staples Select Sector SPDR Fund (XLP) was down 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was 0.6% higher recently.

Macy's (M) shares declined past 11% after the company reported lower fiscal Q3 adjusted earnings and revenue. The company also cut its fiscal 2024 outlook for adjusted earnings per share.