12:59 PM EDT, 06/27/2025 (MT Newswires) -- Consumer stocks were rising Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) gaining 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 1.4%.

In corporate news, Nike ( NKE ) shares jumped 16% after the sportswear giant laid out a plan to tackle tariff-related costs such as price increases in the US and reducing Chinese footwear imports, while it recorded better-than-expected fiscal Q4 results.