09:10 AM EDT, 06/18/2024 (MT Newswires) -- Consumer stocks were edging higher pre-bell Tuesday as the Consumer Staples Select Sector SPDR Fund ( XLP ) was inactive and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was up 0.2% recently.

Philip Morris International's ( PM ) Swedish Match North America affiliate received a subpoena from the Attorney General of the District of Columbia, requesting information over its compliance with the district's ban on the sale of flavored products, Philip Morris ( PM ) said. Philip Morris International ( PM ) fell by over 2% premarket.

Chegg ( CHGG ) rose past 16% the company said overnight it plans to lay off 441 employees, or 23% of its global workforce, as part of a restructuring plan.

La-Z-Boy ( LZB ) was up more than 9% after it reported lower fiscal Q4 non-GAAP earnings and sales that still topped expectations from analysts polled by Capital IQ.