08:52 AM EDT, 07/24/2024 (MT Newswires) -- Consumer stocks fell in premarket activity Wednesday, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) 1.9% lower recently.

International Paper ( IP ) was 1.7% lower recently after it reported Q2 adjusted operating earnings of $0.55 per diluted share, down from $0.59 a year earlier.