09:00 AM EDT, 05/28/2024 (MT Newswires) -- Consumer stocks were leaning lower premarket Tuesday as the Consumer Discretionary Select Sector SPDR Fund (XLY) was marginally declining and the Consumer Staples Select Sector SPDR Fund (XLP) was recently down 0.1%.

GameStop ( GME ) was up over 22% after saying last week that it completed an offering of 45 million shares priced at-the-market and generating $933.4 million in gross proceeds, indicating an average price of around $20.74 a share.