01:57 PM EDT, 08/16/2024 (MT Newswires) -- Consumer stocks were higher Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.6%.

In corporate news, Madison Square Garden Entertainment ( MSGE ) shares popped 5.5%. The company said Friday that it swung to a fiscal Q4 profit year over year as higher event-related revenue and food and beverage sales helped drive a double-digit topline gain.

Flowers Foods ( FLO ) on Friday reported higher-than-expected fiscal Q2 earnings while the company's revenue missed analysts' estimates amid volume declines. Its shares were little changed.

Rivian Automotive ( RIVN ) shares fell 3.3%. Bloomberg reported Friday that the company paused production of electric commercial vans for Amazon.com (AMZN) amid parts shortages.