08:49 AM EDT, 07/02/2024 (MT Newswires) -- Consumer stocks were down in Tuesday's pre-bell hours with the Consumer Staples Select Sector SPDR Fund (XLP) 0.1% lower and the Consumer Discretionary Select Sector SPDR Fund (XLY) recently declining by 0.6%.

Conn's (CONN) is considering a potential bankruptcy filing amid declining sales, Bloomberg News reported, citing unnamed sources familiar with the matter. Conn's stock fell by over 44% pre-bell.