03:27 PM EDT, 03/21/2024 (MT Newswires) -- Consumer stocks were higher late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.7%.

In corporate news, Five Below ( FIVE ) shares sank almost 15% as several brokerages cut their price targets after the company's Q4 results lagged estimates.