01:33 PM EDT, 09/26/2024 (MT Newswires) -- Consumer stocks were rising Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) and the Consumer Discretionary Select Sector SPDR Fund (XLY) each up 0.3% recently.

In corporate news, Southwest Airlines ( LUV ) shares jumped 6% after the company increased its Q3 guidance for a key revenue metric on Thursday while pledging to unlock $500 million in run-rate cost savings in 2027 through reduced hiring and other efficiency measures.