01:32 PM EDT, 08/30/2024 (MT Newswires) -- Consumer stocks were increasing Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.3%.

In corporate news, Lululemon Athletica ( LULU ) shares were falling 0.7%. The company lowered its full-year outlook as Chief Executive Calvin McDonald said it aims to speed up the release of several new athletic apparel styles.