03:52 PM EST, 12/16/2024 (MT Newswires) -- Consumer stocks were mixed late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1.2%.

In corporate news, Walmart's ( WMT ) unit Walmex could be fined up to 8% of its income if it doesn't comply with a resolution prohibiting the company from engaging in certain conduct, Reuters reported, citing a statement from Mexico's antitrust watchdog Cofece. Walmart ( WMT ) shares were rising 0.6%.

Tesla (TSLA) could reach a market capitalization of $2 trillion by the end of 2025 as the company's autonomous driving vision takes shape, according to Wedbush Securities. Wedbush maintained its outperform rating on the stock and lifted its price target to $515 from $400. Tesla shares jumped 5.4%.

Ford's (F) joint venture with South Korean electric vehicle battery manufacturer SK On secured an up to $9.63 billion loan from the US government for the construction of three battery production plants. Ford shares were down 4.1%.

Starbucks ( SBUX ) will increase paid parental leave for US store employees working at least 20 hours per week, Chief Executive Brian Niccol said in a post Monday on the company's website. Starbucks ( SBUX ) shares fell 4%.