01:32 PM EDT, 03/13/2024 (MT Newswires) -- Consumer stocks were rising Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.4%.

In corporate news, Williams-Sonoma ( WSM ) surged almost 19%. The firm reported fiscal Q4 results that surpassed expectations despite a challenging home furnishings market, while it expanded its share repurchase program and raised its quarterly dividend.