Consumer stocks edged higher pre-bell Monday as the Consumer Staples Select Sector SPDR Fund (XLP) was up 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) advanced by 5.3% recently.

Scale AI, which counts Amazon (AMZN) among its investors, plans to establish a presence in Saudi Arabia by year-end as part of its expansion in the Middle East, Bloomberg reported, citing an interview with the company's managing director, Trevor Thompson. Shares of Amazon rose past 8% premarket.