01:32 PM EDT, 03/27/2024 (MT Newswires) -- Consumer stocks rose Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing0.9%.

In corporate news, Carnival (CCL, CUK) said the collapse of Baltimore's Francis Scott Key Bridge is expected to result in an up to $10 million hit to its full-year profit, while it recorded better-than-expected fiscal Q1 results buoyed by robust demand. Its shares gained 2.9%.