09:13 AM EDT, 03/20/2026 (MT Newswires) -- Consumer stocks were falling pre-bell Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declining by 0.2%.

McCormick ( MKC ) is engaged in discussions for a potential acquisition of Unilever's ( UL ) food business, the companies said. Shares of Unilever ( UL ) were up more than 1% premarket.

Ermenegildo Zegna ( ZGN ) stock was up 0.2% after the company reported higher 2025 earnings.

Amazon.com ( AMZN ) is developing a new smartphone, marking a potential return to the category more than a decade after its failed Fire Phone, Reuters reported, citing people familiar with the matter. Amazon.com ( AMZN ) shares were 0.5% lower pre-bell.