03:28 PM EDT, 05/30/2024 (MT Newswires) -- Consumer stocks rose late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.5%.

In corporate news, Paramount (PARA) got a sweetened merger offer from Skydance Media that Paramount directors are expected to assess shortly, The Wall Street Journal reported. Paramount shares rose 1.9%.