08:37 AM EST, 12/09/2024 (MT Newswires) -- Consumer shares were advancing pre-bell Monday with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) 0.5% higher recently.

Omnicom Group ( OMC ) said Monday it will buy The Interpublic Group of Companies ( IPG ) in a stock-for-stock deal likely to close in H2 2025. Omnicom ( OMC ) shares fell 3.3% and Interpublic shares jumped 14% pre-bell.