01:31 PM EDT, 07/22/2024 (MT Newswires) -- Consumer stocks were rising Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) fractionally higher and the Consumer Discretionary Select Sector SPDR Fund (XLY) gaining 1.1%.

In corporate news, Mattel ( MAT ) shares surged nearly 15% after Reuters reported Monday the company received an approach for a takeover by private equity firm L Catterton.