Consumer stocks were flat to lower pre-bell Tuesday, with the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) inactive and the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.4%.

PDD Holdings (PDD) is facing an expanded government probe after employees allegedly clashed with regulators, Bloomberg reported, citing people familiar with the matter. PDD Holdings stock was down more than 4% premarket.