01:41 PM EDT, 10/21/2024 (MT Newswires) -- Consumer stocks were lower Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) sliding 0.8%.

In corporate news, Walt Disney ( DIS ) said Monday it appointed current Morgan Stanley (MS) Executive Chairman James Gorman as its board chair, and that it will announce Chief Executive Bob Iger's replacement early in 2026. Disney ( DIS ) shares fell 1.1%.