Sector Update: Consumer Stocks Flat to Lower Pre-Bell Thursday

09:14 AM EDT, 04/02/2026 (MT Newswires) -- Consumer stocks were flat to lower pre-bell Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) inactive and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) declining by 1.9%.

JD.com (JD) stock was down more than 1% after the company priced a 10 billion Chinese renminbi ($1.46 billion) offering of yuan-denominated senior unsecured notes.

Estee Lauder (EL) and Puig Brands are in advanced talks to combine and form one of the world's largest luxury beauty companies, Bloomberg reported, citing people familiar with the matter. Shares of Estee Lauder (EL) were down more than 1% premarket.

Sally Beauty Holdings (SBH) said Adrianne Lee was named as its chief financial officer and senior vice president, effective April 28. The company also reaffirmed its financial guidance for Q2 and fiscal 2026. Sally Beauty (SBH) stock was down more than 3% pre-bell.

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