08:58 AM EDT, 03/27/2026 (MT Newswires) -- Consumer stocks were mixed premarket Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) slightly advancing and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declining by 0.5%.

Alibaba ( BABA ) and ByteDance are planning to order Huawei's new artificial intelligence chip, Reuters reported, citing people familiar with the matter. Alibaba ( BABA ) stock was down more than 1% pre-bell.