03:24 PM EDT, 10/03/2024 (MT Newswires) -- Consumer stocks declined late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) falling 1.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 1.4%.

In corporate news, Urban-gro (UGRO) shares jumped 11% after the company announced contracts with 15 clients in the cannabis sector in Q3 with total revenue of $12 million.