Consumer stocks were advancing premarket Thursday, with The Consumer Staples Select Sector SPDR Fund (XLP) up 0.3% and The Consumer Discretionary Select Sector SPDR Fund (XLY) 1.1% higher.

PulteGroup (PHM) shares were up nearly 2% after the company reported higher Q4 earnings and revenue.

International Paper (IP) stock was more than 3% lower after the company reported a fall in Q4 revenue.

Altria Group (MO) shares were more than 2% lower after the company posted a decline in Q4 net revenue.