03:57 PM EDT, 03/17/2025 (MT Newswires) -- Consumer stocks were rising late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) gaining 1.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.5%.

In corporate news, Guess? (GES) shares surged past 31% after the company said it received a non-binding going-private proposal from WHP Global's WHP Investments to buy all outstanding shares for $13 per share in cash.

American Eagle Outfitters ( AEO ) shares jumped 9.5% after it entered into an accelerated share repurchase agreement with Bank of America (BAC) to buy back $200 million of its common stock.

Alibaba's ( BABA ) AliExpress said Monday it has launched its new AliExpressLocal Marketplace model and advanced integration tools in the US. Alibaba ( BABA ) shares popped 4.7%.

PepsiCo ( PEP ) announced plans on Monday to buy prebiotic soda brand Poppi for $1.95 billion as the beverage and snacks giant looks to expand its portfolio to include health-focused products. PepsiCo ( PEP ) shares rose 1.9%.