03:45 PM EDT, 07/12/2024 (MT Newswires) -- Consumer stocks rose late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) gaining 2%.

In corporate news, Inter Parfums ( IPAR ) shares jumped 6.4% as Jefferies upgraded its rating on the stock to buy from hold with a price target of $140.

Vita Coco ( COCO ) shares tumbled nearly 9% after Piper Sandler downgraded it to neutral from overweight, and trimmed its price target to $28 from $29.

AT&T ( T ) said Friday that hackers accessed records of calls and texts spanning roughly six months, affecting "nearly all" of its cellular customers and clients of wireless providers that use its network. Its shares shed 0.4%.

Fastenal's ( FAST ) Q2 earnings matched Wall Street's views while its sales rose year over year, even as the company continues to face a tough business environment. Its shares spiked 2.5%.