03:18 PM EST, 12/05/2024 (MT Newswires) -- Consumer stocks were higher late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1.1%.

In corporate news, Caleres ( CAL ) shares plunged nearly 20% after the company reported a drop in its fiscal Q3 adjusted earnings and net sales. It also cut its fiscal 2024 guidance for adjusted EPS and sales.