01:37 PM EDT, 07/29/2024 (MT Newswires) -- Consumer stocks were mixed Monday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) little changed, paring earlier losses, and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1.6%.

In corporate news, McDonald's (MCD) reported Q2 earnings and revenue below market estimates, while same-store sales declined across every segment amid cautious consumer spending and lower restaurant traffic in major markets. The shares still jumped 4.4%.