01:28 PM EST, 12/09/2024 (MT Newswires) -- Consumer stocks were mixed Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) easing 0.1%.

In corporate news, Mondelez International ( MDLZ ) is exploring an acquisition of Hershey (HSY) that would create a company with combined sales of nearly $50 billion, Bloomberg reported. Mondelez ( MDLZ ) shares fell 1.7% and Hershey jumped 12%.