08:54 AM EDT, 06/18/2025 (MT Newswires) -- Consumer stocks were advancing pre-bell Wednesday as the Consumer Staples Select Sector SPDR Fund (XLP) and Consumer Discretionary Select Sector SPDR Fund (XLY) were up 0.2% recently.

Alibaba's ( BABA ) e-commerce service, AliExpress, was found to be in breach of its obligation under the EU's Digital Services Act to assess and mitigate risks associated with the dissemination of illegal products, preliminary findings by the European Commission showed. Shares of Alibaba Group Holding ( BABA ) were down more than 1% premarket.