Consumer stocks were mixed late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 2.3%.

In corporate news, Philip Morris International (PM) is mulling the sale of its cigar business in the US as part of a shift toward smoke-free products, Bloomberg reported. Philip Morris shares were rising 1.8%.

Kroger (KR) Chief Executive Rodney McMullen resigned after an investigation found that his personal conduct was inconsistent with the supermarket chain's ethics policy. Kroger shares fell 2.9%.

Ford (F) on Monday reported a year-over-year drop in US February sales amid weakness in the internal combustion component, though hybrid sales grew sharply. Its shares were down 1.8%.

Capri (CPRI) is nearing a deal to sell Versace to Prada for nearly 1.5 billion euros ($1.56 billion), Bloomberg reported over the weekend. Capri shares climbed 4%.