01:48 PM EDT, 09/09/2024 (MT Newswires) -- Consumer stocks rose Monday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 1.6%.

In corporate news, DirecTV accused Walt Disney ( DIS ) of failing to negotiate in good faith and engaging in anticompetitive behavior, multiple news outlets reported Sunday, citing the satellite TV provider. Disney ( DIS ) shares rose 0.7%.

Airbnb's ( ABNB ) co-hosting service is expected to drive incremental supply for the company's platform, while long-term stays are likely to weigh on US growth in H2, B. Riley Securities said. Airbnb ( ABNB ) shares climbed 2.8%.

News Corp's ( NWSA ) dual-class share structure "provides outsized influence to the Murdoch family," activist investor Starboard Value said in an open shareholder letter calling for the abolition of the stock structure. News Corp ( NWSA ) shares gained 0.6%.