03:36 PM EDT, 08/12/2024 (MT Newswires) -- Consumer stocks were lower late Monday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) and the Consumer Discretionary Select Sector SPDR Fund (XLY) each shedding 0.5%.

In corporate news, JetBlue Airways ( JBLU ) shares tumbled 21%. The company said Monday it plans to offer $400 million in convertible senior notes due 2029. Separately, the company and its JetBlue Loyalty subsidiary plan to launch a private offering of $1.5 billion in notes due 2031 and a $1.25 billion term loan B due 2029.