02:20 PM EDT, 03/16/2026 (MT Newswires) -- Consumer stocks were rising Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 1.1%.

In corporate news, Dollar Tree ( DLTR ) on Monday forecast annual growth in full-year results, while the discount retailer's Q4 profit exceeded Wall Street's expectations despite weather-related store closures. Its shares jumped past 6%.

Hershey (HSY) announced a unified US commercial operating model that brings together its sweet, salty and protein brands "to accelerate consumer-led growth and deepen customer partnerships." Its shares rose 1.5%.

Tesla (TSLA) Chief Executive Elon Musk said Saturday the company's Terafab project to make AI chips will launch in seven days. Tesla shares climbed 1.8%.