09:07 AM EDT, 03/12/2025 (MT Newswires) -- Consumer stocks were mixed pre-bell Wednesday with the Consumer Staples Select Sector SPDR Fund ( XLP ) 0.1% lower and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) recently up 1.8%.

Arcos Dorados Holdings ( ARCO ) shares advanced by nearly 4% after the company reported higher Q4 earnings.

Gildan Activewear ( GIL ) shares were up 0.3% after the company priced a 700-million-Canadian-dollar ($486 million) senior unsecured notes offering across three series.

Alibaba Group ( BABA ) has introduced an artificial intelligence model that the company claims can read emotions, Bloomberg News reported. Alibaba Group ( BABA ) shares were down 0.1% premarket.