03:29 PM EDT, 07/12/2024 (MT Newswires) -- Consumer stocks rose late Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) gaining 2%.

In corporate news, Inter Parfums ( IPAR ) shares jumped 6.4% as Jefferies upgraded its rating on the stock to buy from hold with a price target of $140.