03:28 PM EDT, 07/31/2024 (MT Newswires) -- Consumer stocks rose late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) gaining 1.8%.

In corporate news, Marriott ( MAR ) shares slumped 4.7%. The company on Wednesday lowered its guidance for full-year earnings and a key revenue metric after its Q2 sales fell short of market expectations.