01:28 PM EST, 12/20/2024 (MT Newswires) -- Consumer stocks were rising Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 1.5%.

In corporate news, Nike ( NKE ) shares shed 0.8% after it flagged revenue and gross margin declines in its fiscal Q3 amid increased transformation efforts, while its results for the preceding three-month period topped market estimates.