01:37 PM EST, 12/02/2024 (MT Newswires) -- Consumer stocks were mixed Monday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.8%.

In sector news, online spending on Black Friday advanced in line with expectations, reaching $10.8 billion, according to Adobe Analytics data.

In corporate news, Stellantis ( STLA ) shares tumbled 6.6%. The company said Sunday that its board accepted the resignation of Chief Executive Officer Carlos Tavares, effective immediately. The board started the search process for a permanent CEO, which it expects to be completed in H1.

AMC Entertainment ( AMC ) and Cinemark (CNK) said box office collections across the five-day Thanksgiving holiday period rose to records, driven by the release of Walt Disney's (DIS) "Moana 2." AMC shares gained 1.5%, and Cinemark popped 4.2%.

Sleep Number ( SNBR ) shares jumped 4.3%. Shareholder Stadium Capital nominated four candidates for election to the board following the board's rejection of its proposals related to the search process for a CEO.