08:54 AM EDT, 04/04/2025 (MT Newswires) -- Consumer stocks leaned lower premarket Friday as the Consumer Staples Select Sector SPDR Fund (XLP) fell by 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was recently down 3.7%.

Alibaba Group Holding ( BABA ) shares fell by more than 8% and JD.com (JD) shares dropped by more than 9% in premarket activity after China said it will impose a reciprocal 34% tariff on all imported US goods, effective April 10.