09:08 AM EDT, 07/28/2025 (MT Newswires) -- Consumer stocks were mixed premarket Monday as the Consumer Staples Select Sector SPDR Fund ( XLP ) was 0.2% lower and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was recently up 0.5%.

Diageo ( DEO ) has appointed Bank of America ( BAC ) and Goldman Sachs ( GS ) to conduct a strategic review of its holding in East African Breweries, Bloomberg News reported, citing people familiar with the matter. Shares of Diageo ( DEO ) were down more than 2% premarket.

Macy's (M) shares were 0.4% higher after the company said its wholly-owned subsidiary, Macy's Retail, has increased its debt offering to $250 million from $175 million and reported early results of its cash tender offer for senior notes.

PDD's (PDD) global e-commerce platform Temu has been preliminarily found in breach of the European Union's Digital Services Act related to assessing the risks of illegal products on its marketplace, the European Commission said. PDD stock was down 0.1% pre-bell.