01:20 PM EST, 12/12/2025 (MT Newswires) -- Consumer stocks advanced Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.2%.

In corporate news, shares of cannabis companies surged on Friday following reports that US President Donald Trump was seeking to ease restrictions on marijuana by reclassifying it as a less dangerous drug. Canopy Growth ( CGC ) shares surged 45% and Tilray Brands ( TLRY ) jumped 34%. SNDL ( SNDL ) gained 23%, and Aurora Cannabis ( ACB ) was up 17%.