08:55 AM EDT, 09/08/2025 (MT Newswires) -- Consumer stocks were leaning lower premarket Monday, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) slightly declining.

Alibaba's ( BABA ) cloud unit led a 1 billion Chinese renminbi ($140.2 million) funding round for X Square Robot, Bloomberg reported, citing a statement from the Chinese robotics startup. Shares of Alibaba Group Holding ( BABA ) were up more than 3% pre-bell.