09:13 AM EST, 01/02/2025 (MT Newswires) -- Consumer stocks rose pre-bell Thursday with the Consumer Staples Select Sector SPDR Fund ( XLP ) up 0.3% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) 0.1% higher recently.

Carmell ( CTCX ) has signed a purchase agreement with PMGC Holdings ( ELAB ) and its Elevai Skincare subsidiary to acquire the assets related to Elevai's skincare and haircare business, the companies said. Carmell ( CTCX ) shares surged past 215% premarket.

Arcos Dorados Holdings ( ARCO ) shares were up over 3% after the company said it renewed its master franchise agreement with McDonald's (MCD) for the next 20 years.

Gambling.com Group ( GAMB ) shares were almost 5% lower after the company said it completed its acquisition of Odds Holdings, the parent of OddsJam, on Wednesday.