03:23 PM EDT, 10/14/2024 (MT Newswires) -- Consumer stocks were rising late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.4%.

In corporate news, Vicinity Motor ( VEV ) shares plunged past 34% after it said if its creditors proceed with receivership enforcement, it will be forced to lay off its remaining staff and cease operations.