09:10 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 0.1% 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.

Hyatt Hotels ( H ) shares were 0.3% higher after the company said it completed the acquisition of Playa Hotels & Resorts ( PLYA ) , expanding its portfolio of all-inclusive resorts to meet growing guest demand.

JD.com ( JD ) founder Richard Liu outlined plans to revitalize the company after what he called five years of stagnation, multiple news outlets reported, citing Chinese media and a company spokesperson. Shares of JD.com ( JD ) were down 0.8% premarket.