01:30 PM EDT, 07/31/2024 (MT Newswires) -- Consumer stocks were higher Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1.5%.

In corporate news, T-Mobile US ( TMUS ) on Wednesday raised its outlook for postpaid customer additions in 2024 as the company's Q2 results came in higher than market expectations. Its shares spiked 2.9%.