09:16 AM EDT, 05/21/2024 (MT Newswires) -- Consumer stocks were steady pre-bell Tuesday, with the Consumer Staples Select Sector SPDR Fund ( XLP ) gaining 0.1% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) inactive.

JD.com ( JD ) shares were down more than 5% after the company said it is planning a $1.50 billion offering of convertible senior unsecured notes due 2029.

Macy's (M) stock was up over 2% after the company raised its 2024 adjusted earnings forecast to $2.55 to $2.90 per diluted share from $2.45 to $2.85.

Lowe's (LOW) shares were over 2% higher after the company reported fiscal Q1 diluted earnings and sales that topped analysts' expectations.