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Sector Update: Consumer Stocks Mixed Late Afternoon

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Consumer stocks were mixed late Monday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.9%.

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 6.5%.

Imax (IMAX) shares gained 6.1% 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 (CNK) recorded its biggest-ever domestic weekend box office, driven by "Spider-Man: Brand New Day" and "The Odyssey." The stock rose 4.1%.

Coursera (COUR) shares jumped past 11% after Goldman Sachs upgraded the stock to neutral from sell and raised its price target to $6.50 from $5.50.

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Sector Update: Financial Stocks Edge Higher Late Afternoon

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Sector Update: Consumer Stocks Mixed Late Afternoon | FINWIRES