03:34 PM EDT, 05/02/2025 (MT Newswires) -- Consumer stocks rose late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 1.7%.

In sector news, China said Friday it's evaluating approaches made by US officials to kick off negotiations on tariffs. "If we fight, we will fight to the end; if we talk, the door is open," Yahoo Finance reported, citing a statement from China's commerce ministry.

In corporate news, Frontier Group ( ULCC ) shares jumped nearly 7% after the company reported higher Q1 revenue.