01:59 PM EST, 01/27/2025 (MT Newswires) -- Consumer stocks were higher Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) rising 2.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up fractionally.

In corporate news, Spotify ( SPOT ) and Universal Music Group said Sunday they have signed multiyear agreements to collaborate on recorded music and music publishing. Spotify ( SPOT ) shares eased 0.3%.

Vail Resorts ( MTN ) shareholder Late Apex Partners has called for the ouster of Chief Executive Kirsten Lynch, Chief Financial Officer Angela Korch and Executive Chairman Rob Katz, The Wall Street Journal reported. Vail shares popped 3.7%.

QXO (QXO) said Monday it has launched an all-cash tender offer to buy Beacon Roofing Supply's ( BECN ) outstanding shares for $124.25 each for an enterprise value of roughly $11 billion. QXO shares fell 4.4% and Beacon rose 0.9%.