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Sector Update: Consumer Stocks Mixed in Afternoon Trading

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Consumer stocks were mixed Monday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.7%.

In corporate news, Marriott International (MAR) reported Q2 revenue below Wall Street's estimates amid headwinds from the Middle East conflict, while the company provided a downbeat Q3 earnings outlook. The shares fell 6.3%.

Imax (IMAX) shares rose 5.1% after the company generated $257 million at the global box office in July, up 47% from its previous monthly record, driven by Christopher Nolan's "The Odyssey."

Cinemark Holdings (CNK) recorded its biggest-ever domestic weekend box office, driven by "Spider-Man: Brand New Day" and "The Odyssey." The stock rose 3.3%.

Anheuser-Busch InBev (BUD) shareholder Eugenie Patri Sebastien sold a 731 million euro ($842.4 million) stake in the company earlier this year, Bloomberg reported. Anheuser-Busch shares fell 2.8%.

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Sector Update: Financial Stocks Edge Higher Late Afternoon

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