03:29 PM EDT, 07/22/2024 (MT Newswires) -- Consumer stocks rose late Monday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) gaining 1.3%.
In corporate news, Tesla (TSLA) is expected to top expectations for Q2 earnings with gross margins a major focus, Wedbush said in a report. Tesla shares jumped 5.3%.