01:21 PM EST, 12/02/2024 (MT Newswires) -- Consumer stocks were mixed Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.9%.

In sector news, online spending on Black Friday advanced in line with expectations, reaching $10.8 billion, according to Adobe Analytics' holiday shopping data.

In corporate news, Stellantis ( STLA ) shares tumbled past 6%. The company said Sunday that its board accepted the resignation of Chief Executive Carlos Tavares, effective immediately. Stellantis ( STLA ) said its board has started the search process for a permanent CEO, which it expects to be completed in H1 2025.