01:50 PM EDT, 10/28/2024 (MT Newswires) -- Consumer stocks rose Monday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 0.7%.

In corporate news, Estee Lauder ( EL ) appointed long-time senior executive Stephane de La Faverie as chief executive officer, the Wall Street Journal reported. Estee Lauder ( EL ) shares rose 1.7%.

McDonald's (MCD) and the Colorado Department of Agriculture said Sunday the fast-food chain's beef patties didn't cause an outbreak of the E. coli virus. McDonald's shares rose 1.6%.

Nio (NIO) shares jumped 12% after Macquarie upgraded the company's stock to outperform from neutral with a price target of $6.60.