08:58 AM EDT, 09/03/2025 (MT Newswires) -- Consumer stocks were leaning lower premarket Wednesday, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) marginally declining.

Macy's (M) shares were up more than 13% after the company raised its fiscal 2025 guidance as it reported fiscal Q2 adjusted earnings and net sales that topped analysts' expectations.