01:37 PM EDT, 08/16/2024 (MT Newswires) -- Consumer stocks were higher Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.6%.

In corporate news, Madison Square Garden Entertainment ( MSGE ) shares jumped 6.3%. The company said Friday that it swung to a fiscal Q4 profit year over year as higher event-related revenue and food and beverage sales helped drive a double-digit topline gain.