01:33 PM EST, 11/08/2024 (MT Newswires) -- Consumer stocks rose Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 1.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) gaining 1.6%.

In corporate news, Paramount's (PARA) Q3 earnings unexpectedly rose, and revenue fell more than Wall Street estimated. The shares slumped 4.3%.