01:40 PM EDT, 05/24/2024 (MT Newswires) -- Consumer stocks were higher Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) gaining 1.2%.

In corporate news, Ross Stores ( ROST ) shares jumped past 9% after several analysts raised their price targets on the stock following the company's forecast-beating Q1 performance.