08:39 AM EST, 12/16/2024 (MT Newswires) -- Consumer shares were advancing pre-bell Monday with the Consumer Staples Select Sector SPDR Fund (XLP) marginally up and the Consumer Discretionary Select Sector SPDR Fund (XLY) 0.5% higher recently.

Alibaba Group Holding ( BABA ) is nearing an agreement to sell its department store business Intime to Youngor Fashion for roughly $1 billion, Bloomberg reported Monday, citing unnamed sources familiar with the plan. Alibaba ( BABA ) shares were down 1.9%.