Consumer stocks were lower late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) falling 1.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 1.9%.

In corporate news, major US airlines' 2025 earnings and revenue are likely to face pressure as President Donald Trump's tariffs on other countries increase the risks of a recession at home, UBS Securities said Monday. The brokerage now estimates Delta Air Lines (DAL), United Airlines (UAL), American Airlines (AAL), Southwest Airlines (LUV), Alaska Air (ALK) and JetBlue Airways (JBLU) to all report lower bottom-line results for this year than it previously forecast. Delta shares shed 0.4%, United was up 1.4%, American rose 2%, Southwest declined 0.1%, Alaska added 2%, and JetBlue climbed 2.2%.

Tesla's (TSLA) troubles have intensified with the imposition of new tariffs by the Trump Administration, further adding to softer Q1 delivery expectations driven by brand damage from its political associations, Wedbush said in a note Sunday, as it lowered its price target for Tesla to $315 from $550 while maintaining its outperform rating. Tesla shares were falling 4%.

AMC Entertainment (AMC) shares rose 3% after it said Monday that it had its best weekend of this year and the second-best April weekend since 2019, thanks to premium formats and A Minecraft Movie's strong performance.

Walmart (WMT) could withdraw its fiscal 2026 guidance due to volatility linked to President Donald Trump's reciprocal tariff announcement, Oppenheimer said in a Monday client note, ahead of the retail giant's Analyst Day event this week. Walmart shares were rising 1%.