Sector Update: Consumer

Consumer stocks were rising Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.3%.

In corporate news, Albertsons' ACI fiscal Q4 earnings surpassed Wall Street's expectations while revenue fell short, as the company and Kroger KR increased the number of stores they plan to divest in relation to the merger deal between the supermarket chains. Albertsons shares fell 0.5% while Kroger was up 0.5%.