01:05 PM EDT, 07/10/2025 (MT Newswires) -- Consumer stocks were higher Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1%.

In corporate news, WK Kellogg (KLG) shares surged past 30% after the cereal maker agreed to be acquired by Ferrero in an all-cash deal valued at $3.1 billion.