11:42 AM EST, 11/29/2024 (MT Newswires) -- Consumer stocks rose in late morning trading with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.6%.

In sector news, online spending on Thanksgiving rose in line with expectations, reaching $6.1 billion, according to Adobe Analytics' holiday shopping data.

In corporate news, Tesla (TSLA) is likely to unlock $1 trillion worth of artificial intelligence and autonomous opportunity on prospects during President-elect Donald Trump's administration, Wedbush said. Tesla shares rose 1.8%.