01:31 PM EST, 11/22/2024 (MT Newswires) -- Consumer stocks were rising Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.9% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 1.5%.

In corporate news, Ross Stores ( ROST ) shares popped 2.4% as the discount retailer lifted its full-year earnings outlook despite recording lower-than-expected fiscal Q3 sales amid softening consumer discretionary spending.