01:53 PM EDT, 10/04/2024 (MT Newswires) -- Consumer stocks rose Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1%.

In corporate news, Spirit Airlines ( SAVE ) shares plunged 26%. The Wall Street Journal reported that the company is in talks with bondholders for the terms of a potential bankruptcy filing.

Rivian Automotive ( RIVN ) reported Q3 vehicle production and deliveries that missed analyst estimates amid a supply shortage, prompting the company to lower its full-year output guidance. The shares fell 4.4%.

Norwegian Cruise Line ( NCLH ) shares rose 3.3% as Stifel adjusted the company's price target to $29 from $27 and kept its buy rating.