03:20 PM EST, 11/13/2024 (MT Newswires) -- Consumer stocks were higher late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.7%.

In corporate news, Gaucho Group ( VINO ) shares plunged past 47%. The company said Wednesday it has filed for Chapter 11 reorganization to protect its assets, including Algodon Mansion and Algodon Wine Estates in Argentina, and to ensure continued operations.