09:10 AM EST, 01/27/2025 (MT Newswires) -- Consumer stocks were mixed pre-bell Monday as the Consumer Staples Select Sector SPDR Fund ( XLP ) was 0.6% higher and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) recently declined by 1.3%.

Dada Nexus ( DADA ) shares rose past 30% after the company said its board has received a preliminary, non-binding proposal from JD.com ( JD ) to purchase all of its outstanding ordinary shares, including ADSs, for $2.0 per ADS in cash.

Ermenegildo Zegna ( ZGN ) shares were up 1% after the company reported a higher Q4 revenue.

Diageo ( DEO ) shares were down 0.3% after the company said it has no intention to sell either its Guinness brand or stake in Moet Hennessy. The statement was issued in response to a Friday report from Bloomberg, where sources said the company is looking into potentially spinning off or selling its premier beer brand Guinness that would likely be valued at more than $10 billion.