01:50 PM EST, 12/05/2024 (MT Newswires) -- Consumer stocks were higher Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1%.

In corporate news, American Airlines ( AAL ) shares surged over 16%. The company updated its Q4 adjusted EPS outlook Thursday to a range of $0.55 to $0.75, up from the previous forecast of $0.25 to $0.50. Analysts surveyed by FactSet expect $0.39.

Signet Jewelers ( SIG ) shares sank past 11%. The jewelry store operator reported weaker-than-expected fiscal Q3 results and lowered its full-year outlook amid soft sales in North America.

Kroger's ( KR ) fiscal Q3 earnings came in ahead of Wall Street estimates, while revenue missed expectations as the supermarket chain narrowed its full-year earnings outlook. Its shares rose 1%.