09:09 AM EST, 11/18/2024 (MT Newswires) -- Consumer stocks were flat to higher pre-bell Monday as the Consumer Staples Select Sector SPDR Fund ( XLP ) was inactive and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) recently advanced by 1.3%.

MakeMyTrip ( MMYT ) shares were almost 1% higher after the company said it agreed to acquire CRED's Happay Expense Management Platform.

Bunge Global ( BG ) shares were over 1% higher after the company said it was expanding its existing stock buyback program, authorizing the repurchase of an additional $500 million of its outstanding shares, on top of the approximately $800 million remaining under the current authorization as of Sept. 30.

Alibaba Group ( BABA ) is planning to raise $5 billion through dollar and offshore yuan bonds, Reuters reported, citing two sources with direct knowledge of the matter. Alibaba ( BABA ) shares were up 0.1% premarket.