01:22 PM EST, 11/25/2024 (MT Newswires) -- Consumer stocks were higher Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1.6%.

In corporate news, Macy's (M) reported preliminary fiscal Q3 sales that narrowly beat analysts estimates while announcing a delay in its full earnings release due to an accounting issue that prompted an independent investigation. Its shares dropped 3.2%.