03:31 PM EDT, 10/09/2024 (MT Newswires) -- Consumer stocks were rising late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.7%.

In corporate news, Stellantis ( STLA ) Chief Executive Carlos Tavares is planning a major reshuffle of the company's management team, Bloomberg reported Wednesday. Stellantis ( STLA ) shares were rising 1.6%.