01:30 PM EDT, 03/18/2024 (MT Newswires) -- Consumer stocks rose Monday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) gaining 0.9%.

In corporate news, Tesla (TSLA) gained 5.6% after the company said prices of some of its Model Y electric vehicles in Europe will increase by about 2,000 euros ($2,177) or the local currency equivalent.