01:47 PM EST, 12/30/2024 (MT Newswires) -- Consumer stocks were sliding Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) falling 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 1.2%.

In corporate news, Vivid Seats ( SEAT ) is considering a sale after receiving takeover interest, Bloomberg reported. Vivid shares surged 19%.

Anheuser-Busch InBev ( BUD ) shares shed 0.8%. Russian President Vladimir Putin has given a local company control of Anheuser-Busch InBev's ( BUD ) joint venture, Bloomberg reported, citing a presidential decree.

KB Home ( KBH ) is expected to top Wall Street's estimates with its fiscal Q4 earnings and record a double-digit gain in home deliveries for the period, Wedbush Securities said on a note. KB Home ( KBH ) shares were fractionally higher.