03:54 PM EDT, 08/11/2025 (MT Newswires) -- Consumer stocks were edging higher late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.2%.

In corporate news, Motorcar Parts of America ( MPAA ) raised its fiscal 2026 revenue guidance after swinging to a Q1 net income on rising revenue. Its shares jumped 18%.

Paramount Skydance ( PSKY ) will become the exclusive distributor of UFC's fighting events in the US under a $7.7 billion media rights deal with TKO Group ( TKO ) . Paramount shares fell 4.3%, and TKO jumped past 10%.

Ford (F) said Monday it plans to invest about $2 billion in its Louisville, Kentucky, plant with a view to launching affordable electric vehicles. Ford shares were down 0.3%.

Rumble (RUM) shares rose 3.4% after its Q2 net loss narrowed year over year. The firm also said it plans to buy AI company Northern Data.