01:28 PM EDT, 07/25/2024 (MT Newswires) -- Consumer stocks rose Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.9%.

In corporate news, Ford (F) shares tumbled 17% after the carmaker's Q2 earnings trailed market estimates amid higher warranty costs and expenses as the company continues to project a full-year loss for its electric-vehicle business.