03:31 PM EDT, 07/10/2024 (MT Newswires) -- Consumer stocks were higher late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) rising 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.7%.

In corporate news, Ziff Davis ( ZD ) shares sank 11% after it disclosed plans to exchange about $401 million of its 1.75% convertible notes due 2026 for a combination of cash and new convertible notes maturing in 2028.