01:40 PM EST, 01/17/2025 (MT Newswires) -- Consumer stocks were higher Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 1.9%.

In corporate news, PepsiCo ( PEP ) is facing a lawsuit filed by the US Federal Trade Commission in federal court in Manhattan for alleged price discrimination against retailers, Bloomberg reported. PepsiCo ( PEP ) shares were rising 0.9%.