01:50 PM EDT, 05/20/2024 (MT Newswires) -- Consumer stocks were slipping Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.7%.

In corporate news, Norwegian Cruise Line ( NCLH ) shares surged almost 8% after it lifted its full-year earnings outlook amid robust demand conditions, and set financial targets for 2026 as part of a strategy to enhance shareholder returns.

Gildan Activewear ( GIL ) shareholders were advised by proxy advisory firm Glass Lewis to vote in favor of investor Browning West's board nominees, the activist shareholder said Monday. Gildan shares rose 0.7%.

Global-e Online ( GLBE ) spiked nearly 5% after it reported a narrowed Q1 loss as revenue increased during the period.