03:30 PM EDT, 07/26/2024 (MT Newswires) -- Consumer stocks were higher late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.9% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1.2%.

In corporate news, Warner Bros. Discovery ( WBD ) has filed a lawsuit against the National Basketball Association in a New York state court after the league awarded the TV rights to its rivals, according to media reports Friday. Warner shares rose 3.6%.