01:37 PM EDT, 04/08/2024 (MT Newswires) -- Consumer stocks were rising Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 1.1%.

In corporate news, Tesla (TSLA) shares jumped 5.4% after Chief Executive Elon Musk said on X that the company will unveil a "Robotaxi" on Aug. 8.