09:14 AM EDT, 07/24/2024 (MT Newswires) -- Consumer stocks fell in early premarket hours Wednesday with the Consumer Staples Select Sector SPDR Fund ( XLP ) down 0.3% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) 1.8% lower recently.

International Paper ( IP ) was over 2% lower after it reported Q2 adjusted operating earnings of $0.55 per diluted share, down from $0.59 a year earlier.

Mattel ( MAT ) reported Q2 adjusted earnings of $0.19 per diluted share, up from $0.10 per share a year earlier. Mattel ( MAT ) was 0.9% higher premarket.

Silgan Holdings ( SLGN ) said it signed a sale and purchase agreement to acquire Weener Plastics Holdings for an enterprise value of 838 million euros ($908.4 million). Silgan Holdings ( SLGN ) fell past 3% pre-bell.