03:35 PM EST, 12/02/2024 (MT Newswires) -- Consumer stocks were mixed late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1.1%.

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

In corporate news, Gap (GAP) shares jumped past 6% after J.P. Morgan upgraded the company's stock to overweight with a $30 price target.