Consumer stocks were mixed late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) decreasing 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1%.

In corporate news, Mattel (MAT) and Microsoft-backed (MSFT) OpenAI are partnering to test Sora 2, the ChatGPT maker's AI video model, Reuters reported, citing OpenAI Chief Executive Sam Altman at a conference. Mattel shares fell 0.1%.

Tesla (TSLA) shares gained 4.8% after the electric carmaker hinted at an event or announcement likely scheduled for Tuesday.

Live Nation Entertainment's (LYV) appeal for an arbitration agreement in a consumer antitrust case was rejected by the Supreme Court, allowing the class-action lawsuit to proceed, Bloomberg reported. Live Nation shares shed 0.6%.

Stellantis (STLA) plans a roughly $10 billion investment in the US in a bid to refocus on that market, Bloomberg reported Saturday. Stellantis shares added 0.9%.