01:19 PM EDT, 08/04/2025 (MT Newswires) -- Consumer stocks rose Monday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1.1%.

In corporate news, Tesla (TSLA) awarded Elon Musk 96 million restricted shares of the automaker's stock, seeking to keep the chief executive officer focused on a transition into AI and robotics. Tesla shares rose 1.8%.