Consumer stocks were mixed Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) decreasing 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.3%.

In corporate news, Tesla's (TSLA) share of total electric vehicle sales in the US in August has fallen to 38% in August, the first time its market share has dropped below 40% since October 2017, Reuters reported, citing early data from research firm Cox Automotive. Tesla shares were down 1.1%.

Stellantis (STLA) will no longer aim to produce only electric vehicles by 2030, Reuters reported Monday, citing Jean-Philippe Imparato, the company's head of enlarged Europe. Shares were 1.6% lower.

Philip Morris (PM), Altria (MO), British American Tobacco (BTI), and Turning Point Brands' (TPB) applications for nicotine pouches will be fast-tracked on a pilot basis by the US Food and Drug Administration starting Monday, Reuters reported. Philip Morris, Altria, and Turning Point shares were down 0.3%, 1.4%, and 1.6%, respectively, while British American Tobacco (BTI) was adding 0.2%.