03:44 PM EDT, 06/09/2025 (MT Newswires) -- Consumer stocks were mixed late Monday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) little changed, erasing earlier gains, and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.9%.

In sector news, officials from the Trump administration are holding trade talks with representatives from China in London. Last week, President Donald Trump said that he held a phone call with his Chinese counterpart, Xi Jinping. Previously, the two countries accused each other of violating their preliminary trade deal.

In corporate news, Lululemon Athletica ( LULU ) shares fell 1.5%. The company is unlikely to see a comparable sales rebound in the Americas region this year, Morgan Stanley said, downgrading the stock to equal weight from overweight