09:13 AM EST, 12/17/2025 (MT Newswires) -- Consumer stocks were edging higher pre-bell Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) advancing by 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.3%.

Coursera ( COUR ) and Udemy ( UDMY ) said they have entered a definitive merger agreement under which they will combine in an all-stock transaction. Shares of Udemy ( UDMY ) were up more than 30% premarket, while Coursera ( COUR ) shares rose 13%.

Diageo ( DEO ) stock was up more than 1% after the company said it has agreed to sell its 65% stake in East African Breweries to Asahi for estimated net proceeds of $2.3 billion, an implied enterprise value of $4.8 billion.

Lennar's ( LEN ) shares were down more than 5% after the company posted lower fiscal Q4 adjusted earnings and revenue.