08:54 AM EDT, 07/16/2024 (MT Newswires) -- Consumer stocks were edging higher pre-bell Tuesday, with the Consumer Staples Select Sector SPDR Fund (XLP) 0.2% higher and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.5% recently.

Philip Morris International ( PM ) said its US affiliate will open a new manufacturing facility in Aurora, Colorado, with an investment of $600 million over the next two years. Philip Morris ( PM ) was up 0.7% premarket.