08:55 AM EST, 02/21/2025 (MT Newswires) -- Consumer stocks were steady premarket Friday with the Consumer Discretionary Select Sector SPDR Fund (XLY) and the Consumer Staples Select Sector SPDR Fund (XLP) flat recently.

Alibaba Group Holding ( BABA ) CEO Eddie Yongming Wu said Thursday in its Q4 earnings call that the company would invest "aggressively" in artificial intelligence. Alibaba Group Holding ( BABA ) shares were up nearly 4% in recent premarket activity.