03:35 PM EDT, 06/17/2024 (MT Newswires) -- Consumer stocks rose late Monday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) adding 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 2%.

In corporate news, Tesla (TSLA) on Friday sued Matthews International ( MATW ) for allegedly stealing confidential trade secrets related to the automaker's dry-electrode battery manufacturing technology and disclosing them to Tesla competitors. Tesla shares jumped 5.7%, and Matthews tumbled 6.9%.