09:06 AM EDT, 03/24/2025 (MT Newswires) -- Consumer stocks advanced pre-bell Monday with the Consumer Staples Select Sector SPDR Fund ( XLP ) up 0.2% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) 1.7% higher recently.

Smithfield Foods ( SFD ) shares advanced by over 2% after the company said it has joined the Russell 1000 Index effective Friday.

Quantasing Group ( QSG ) shares were up more than 2% after the company said it has agreed to invest in Shenzhen Yiqi Culture, also known as Letsvan, marking Quantasing's ( QSG ) entry into the pop toys market and broader consumer goods industry.

Alibaba ( BABA ) and Huawei-made semiconductors are reportedly being used by Ant Group to develop cost-efficient artificial intelligence training techniques, multiple media outlets reported, citing unnamed sources. Alibaba ( BABA ) shares were 0.8% higher pre-bell.