01:31 PM EDT, 03/25/2024 (MT Newswires) -- Consumer stocks were slipping Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.2%.

In corporate news, Target Hospitality ( TH ) shares surged 23% after it said that its board received an unsolicited non-binding proposal from a TDR Capital affiliate Arrow to buy all outstanding Target Hospitality ( TH ) shares for $10.80 a share in cash.