03:29 PM EDT, 03/25/2024 (MT Newswires) -- Consumer stocks were retreating late Monday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.3%.

In corporate news, AMC Networks ( AMCX ) shares spiked more than 3% after the company said it intends to redeem all of its outstanding 4.75% senior notes due 2025 on April 24.