01:10 PM EDT, 05/29/2025 (MT Newswires) -- Consumer stocks were rising Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) advancing 0.2%.

In corporate news, Tesla (TSLA) Chief Executive Elon Musk said Thursday on X that he's leaving the Department of Government Efficiency, or DOGE. Separately, Musk said Tesla has been testing Model Y cars in Austin with no incidents and anticipates first self-delivery from factory to customer in June. Tesla shares rose 1.4% recently.