01:37 PM EDT, 05/14/2024 (MT Newswires) -- Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.1%.

In corporate news, On (ONON) shares jumped 18% as it topped Q1 expectations amid strong direct-to-consumer growth while reiterating its full-year constant currency sales growth guidance.