03:47 PM EST, 03/02/2026 (MT Newswires) -- Consumer stocks were lower late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) each falling 1.3%

In corporate news, ADT (ADT) shares fell past 11% following the company's Q4 results and 2026 guidance.

Paramount Skydance ( PSKY ) has agreed to buy rival Warner Bros. Discovery ( WBD ) in a deal with an equity value of $81 billion. Under the terms, Paramount will pay $31 a share in cash for the entirety of Warner Bros., according to a joint statement by the companies late Friday. Paramount shares were down 2.2%, and Warner Bros. rose 0.9%.

Norwegian Cruise Line ( NCLH ) shares dropped more than 10% after it guided 2026 earnings below Wall Street's projections as the cruise operator flagged "execution missteps" and pricing headwinds.

Turning Point Brands ( TPB ) shares slumped past 18% after it reported Q4 adjusted earnings of $0.95 per diluted share, down from $0.98 a year earlier.