03:44 PM EDT, 10/28/2024 (MT Newswires) -- Consumer stocks rose late Monday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.5%.

In corporate news, McDonald's (MCD) shares popped 1.7% after the fast food giant announced the planned return of its Quarter Pounder burgers in all US restaurants this week after ruling out beef patties as the potential source of an E. coli outbreak.

3M ( MMM ) shares climbed 4.7% after JPMorgan raised its price target on the stock to $165 from $160 and kept the overweight rating.

Estee Lauder ( EL ) appointed long-time senior executive Stephane de La Faverie as chief executive officer, the Wall Street Journal reported. Estee Lauder ( EL ) shares rose 1.2%.

Nio (NIO) shares jumped 11% after Macquarie upgraded the company's stock to outperform from neutral with a price target of $6.60.