01:34 PM EDT, 10/28/2024 (MT Newswires) -- Consumer stocks were increasing Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.7%.

In corporate news, Estee Lauder ( EL ) has appointed long-time senior executive Stephane de La Faverie as its new chief executive in an effort to help revive sales, the Wall Street Journal reported. Estee Lauder ( EL ) shares rose 1.7%.