08:43 AM EDT, 04/05/2024 (MT Newswires) -- Consumer stocks were advancing pre-bell Friday, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.2% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) 0.3% higher.

Highwoods Properties ( HIW ) stock was down 2.3% after the company said overnight it sold non-core properties in Raleigh for gross proceeds of $79.4 million.

Cannae Holdings ( CNNE ) shares were down 1.6% after the company said it accepted to buy about 9.7 million shares in its modified Dutch auction tender offer for nearly $222 million.

GEO Group ( GEO ) said it priced a private offering of about $1.28 billion of senior notes. Shares fell 0.3% premarket Friday.