01:51 PM EDT, 03/13/2024 (MT Newswires) -- Consumer stocks rose Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) and the Consumer Discretionary Select Sector SPDR Fund (XLY) both adding 0.2%.

In corporate news, Williams-Sonoma ( WSM ) shares surged 19%. Fiscal Q4 results surpassed expectations despite a challenging home furnishings market, while the share repurchase program was expanded, and the quarterly dividend got a boost.

Dollar Tree ( DLTR ) posted a surprise Q4 net loss, weighed down by charges related to a review of its stores portfolio, and the company issued a downbeat profit outlook for the current three-month period. Its shares tumbled 14%.

Petco Health & Wellness (WOOF) reported stronger-than-expected fiscal Q4 revenue, while the pet store chain announced a search for a new chief executive officer after Ron Coughlin stepped down. Its shares dropped 2.1%.