01:41 PM EST, 01/23/2025 (MT Newswires) -- Consumer stocks were advancing Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.3%.

In corporate news, American Airlines ( AAL ) shares dropped nearly 8%. The company reported Q4 results that exceeded market expectations, but it projected a larger-than-expected loss for the current quarter.