09:10 AM EDT, 03/19/2026 (MT Newswires) -- Consumer stocks were declining pre-bell Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) 0.3% lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.9%.

Alibaba Group ( BABA ) shares were down more than 7% after the company posted lower fiscal Q3 non-GAAP earnings.

Ferrari (RACE) has suspended most deliveries in the Middle East due to the ongoing war in Iran, multiple media reports said, citing a company statement. Ferrari stock was down more than 2% premarket.

Darden Restaurants ( DRI ) shares were down more than 4% even after the company posted higher fiscal Q3 adjusted earnings and revenue.