03:38 PM EDT, 10/04/2024 (MT Newswires) -- Consumer stocks rose late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1%.

In corporate news, Tempur Sealy International ( TPX ) has filed a complaint asking a federal court in Texas to prevent administrative proceedings by the Federal Trade Commission that challenge the company's proposed merger with Mattress Firm, the retailer said Friday. Tempur shares were down 0.4%.

General Motors ( GM ) has temporarily shut down production at auto factories in Texas and Michigan due to recent supply disruptions resulting from Hurricane Helene, according to media reports. GM shares were rising 1.5%.

Spirit Airlines ( SAVE ) shares plunged 23%. 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. Rivian shares fell 4.5%.