09:09 AM EDT, 08/23/2024 (MT Newswires) -- Consumer stocks were steady pre-bell Friday with the Consumer Discretionary Select Sector SPDR Fund ( XLY ) we recently inactive., while the Consumer Staples Select Sector SPDR Fund ( XLP ) was up 0.2%.

CAVA Group ( CAVA ) shares rose past 8% after it reported stronger-than-expected fiscal Q2 earnings and sales while raising its guidance for full-year same-restaurant sales growth.

Ross Stores ( ROST ) shares were up over 6% after it reported higher fiscal Q2 earnings and sales.

Alibaba Group ( BABA ) shares were over 2% higher after saying its shareholders approved a plan to convert its secondary listing on the Hong Kong Stock Exchange to a primary listing, effective Aug. 28.