03:27 PM EDT, 04/29/2024 (MT Newswires) -- Consumer stocks were advancing late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 1.9%.

In corporate news, Mullen Automotive ( MULN ) shares soared 51% after the company said it has received certification from the California Air Resources Board on the 2025 Mullen Three, Class 3 all-electric low cab forward chassis truck.