01:35 PM EDT, 08/15/2024 (MT Newswires) -- Consumer stocks were higher Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) rising 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) soaring 2.9%.

In corporate news, Ulta Beauty ( ULTA ) shares jumped 12% after Berkshire Hathaway (BRK.A, BRK.B) reported its holding of around 690,000 shares in the cosmetics company.