08:54 AM EDT, 07/28/2025 (MT Newswires) -- Consumer stocks were edging higher premarket Monday as the Consumer Staples Select Sector SPDR Fund (XLP) was edging up 0.01% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was recently up 0.5%.

Diageo ( DEO ) has appointed Bank of America ( BAC ) and Goldman Sachs ( GS ) to conduct a strategic review of its holding in East African Breweries, Bloomberg News reported, citing people familiar with the matter. Shares of Diageo ( DEO ) were down more than 2% premarket.