03:26 PM EST, 01/30/2025 (MT Newswires) -- Consumer stocks were higher late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) rising 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 1.5%.

In corporate news, Uber ( UBER ) and Lyft ( LYFT ) are under investigation by the US Federal Trade Commission for allegedly illegally coordinating efforts to limit driver pay in New York City, Bloomberg reported. Uber ( UBER ) shares decreased 0.2% and Lyft ( LYFT ) was rising 1.1%.