01:32 PM EDT, 08/21/2024 (MT Newswires) -- Consumer stocks rose Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 1.2%.

In corporate news, Target ( TGT ) shares jumped 12%. The company raised its full-year earnings outlook amid improving trends across discretionary categories, while fiscal Q2 results exceeded market estimates.