01:41 PM EDT, 06/17/2024 (MT Newswires) -- Consumer stocks were rising Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 1.4%.

In corporate news, Primo Water ( PRMW ) agreed to merge with BlueTriton in an all-stock deal that will create a new publicly traded drinking-water company in North America with nearly $7 billion in combined revenue. Primo Water ( PRMW ) shares were up over 1%.