01:28 PM EDT, 09/30/2024 (MT Newswires) -- Consumer stocks were decreasing Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.4%.

In corporate news, Stellantis ( STLA ) shares tumbled over 13% after the automaker slashed its full-year adjusted operating income margin and free cash flow projections amid deteriorating global industry trends.