Consumer stocks were higher Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.1%.

In corporate news, Netflix (NFLX), Amazon (AMZN) and Alphabet's (GOOGL) YouTube have formed a policy coalition to support shared positions on key issues, Axios reported. The Streaming Access and Choice Alliance is led by trade group TechNet with the big three streamers as its founding corporate members, the report said. Netflix shares were rising 4.3%.

Comcast (CMCSA) and Paramount Skydance (PSKY) are starting a "review strategic options" for their European streaming joint venture SkyShowtime, including a potential business closure, The Hollywood Reporter said Monday, citing a company letter. Comcast shares fell 1%, and Paramount was adding 3.7%.

Toyota Motor (TM) said Monday it plans to launch a hydrogen fuel cell version of its Hilux pickup truck in 2028. The vehicle will target a driving range of more than 400 kilometers and towing capacity of up to 2.5 metric tons, Toyota said. Its shares were down 0.6%.