08:53 AM EDT, 09/16/2024 (MT Newswires) -- Consumer stocks were edging higher pre-bell Monday, with The Consumer Staples Select Sector SPDR Fund (XLP) and The Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.2%.

Estee Lauder ( EL ) issued a statement urging shareholders to reject TRC Capital Investment's unsolicited mini-tender offer to purchase up to 1.5 million Estee Lauder Class A common shares at $83.65 per share in cash. Estee Lauder ( EL ) shares were 0.7% higher pre-bell.