03:31 PM EST, 03/08/2024 (MT Newswires) -- Consumer stocks were decreasing late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.3%.

In corporate news, Smith & Wesson Brands ( SWBI ) shares surged almost 29%, a day after the company reported quarterly results that topped estimates by analysts.