12:34 PM EST, 11/29/2024 (MT Newswires) -- Consumer stocks rose in Friday afternoon trading with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.8%.

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 gained 2.1%.

Target ( TGT ) will hold a two-day Cyber Monday sale starting Dec. 1, offering up to 50% off thousands of products. The shares climbed 1.8%.

Jeffs' Brands ( JFBR ) shares jumped 10%. The company that Wellution, a wellness brand under its 49%-owned subsidiary SciSparc Nutraceuticals, received trademark registration for its nonmedicated skincare and hair care products.