01:29 PM EST, 12/06/2024 (MT Newswires) -- Consumer stocks were advancing Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1.5%.

In corporate news, Lululemon Athletica's ( LULU ) shares jumped past 17% after the company reported late Thursday a surge in fiscal Q3 earnings and revenue and raised its guidance for fiscal 2024.