Sector Update: Consumer Stocks Decline Pre-Bell Wednesday

09:17 AM EST, 11/11/2026 (MT Newswires) -- Consumer stocks were declining pre-bell Wednesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) marginally lower. Diageo (DEO) has more than 40 containers of bulk Scotch whisky held at Indian ports amid a dispute over whether the shipments qualify for reduced tariffs under the India-UK trade pact, Reuters reported, citing four people familiar with the matter and a confidential government memo. Diageo stock was down more than 2% premarket. McCormick's (MKC) proposed acquisition of most of Unilever's (UL) foods business faces a deeper UK probe amid concerns that the deal would significantly reduce competition in the country, the Competition and Markets Authority said. Unilever shares were down more than 1% pre-bell. Capri Holdings (CPRI) named Justin Boxford as its next chief executive officer and a board member to succeed John Idol, who will retire as chairman and CEO, the company said. Shares of Capri Holdings were 0.7% lower premarket.