09:11 AM EST, 11/21/2024 (MT Newswires) -- Consumer stocks were advancing premarket Thursday with the Consumer Staples Select Sector SPDR Fund ( XLP ) slightly higher and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) up 0.6% recently.

PDD Holdings ( PDD ) shares fell past 9% after the company reported Q3 non-GAAP earnings and revenue that missed market expectations.

BJ's Wholesale Club (BJ) shares were up more than 3% after the company reported higher fiscal Q3 adjusted earnings and revenue. The company also narrowed its fiscal 2024 guidance for adjusted earnings per share and announced the repurchase of up to $1 billion common shares.

Warner Music Group ( WMG ) shares fell by over 2% after the company reported a decline in fiscal Q4 earnings.