08:48 AM EDT, 08/05/2024 (MT Newswires) -- Consumer stocks were declining pre-bell Monday, with the Consumer Staples Select Sector SPDR Fund (XLP) was down 0.9% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was 5.6% lower recently.

Mars is considering buying snacks maker Kellanova ( K ) , multiple news outlets reported, citing sources familiar with the matter. A potential transaction could value Kellanova ( K ) at roughly $30 billion, The Wall Street Journal reported. Kellanova ( K ) shares jumped nearly 19% premarket.