Consumer stocks were higher Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.4%.

In corporate news, Paramount Skydance (PSKY) had its Monday meeting with California officials canceled after State Attorney General Rob Bonta accused the entertainment company of leaking details and negotiating in bad faith over its proposed multi-billion merger with Warner Bros. Discovery (WBD), The New York Times reported. Paramount shares were up 0.1%, and Warner Bros. added 0.7%.