04:20 PM EDT, 06/02/2025 (MT Newswires) -- Consumer stocks rose late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.2%.

In corporate news, Hertz (HTZ) shares were down 2% as the US Supreme Court sought input from the Trump administration over a bid by the rental car company to avoid paying $320 million to Wells Fargo (WFC), US Bank (USB) and other bondholders in a case stemming from its Covid-era bankruptcy.

Tesla (TSLA) Chief Executive Elon Musk's denial last year of a Reuters report about the cancellation of a planned $25,000 electric vehicle drew concerns from some senior executives, Reuters reported Monday. Tesla shares were falling 1.1%.

Walt Disney ( DIS ) is laying off hundreds of workers across its film and TV units, according to media reports Monday. Disney ( DIS ) shares were slightly lower.

Newsmax ( NMAX ) shares popped 7.9% after it said Monday it expects to be added to the Russell 2000 Index after the US market opens on June 30 as part of the 2025 annual reconstitution.