03:30 PM EDT, 05/13/2024 (MT Newswires) -- Consumer stocks were slipping late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.2%.

In corporate news, Walmart ( WMT ) likely benefited from same-store sales momentum amid a strong pricing position in Q1, Deutsche Bank said in a note emailed Monday ahead of the retailer's results set for release on Thursday. Walmart ( WMT ) shares were fractionally higher.