09:06 AM EST, 02/28/2025 (MT Newswires) -- Consumer stocks advanced premarket Friday with the Consumer Staples Select Sector SPDR Fund ( XLP ) 0.7% higher and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) up 0.3% recently.

Life Time Group Holdings ( LTH ) shares were down nearly 4% after the company priced an underwritten secondary offering of 23 million shares of its common stock for gross proceeds of $699.2 million to the selling stockholders.

International Paper ( IP ) said it appointed Lance Loeffler chief financial officer. International Paper ( IP ) shares were 0.7% lower premarket.

Ingredion ( INGR ) shares were down 0.2% after the company said it is investing $50 million in its Iowa facility to modernize and increase the production of industrial starches for the packaging and papermaking industries.