03:58 PM EDT, 09/04/2025 (MT Newswires) -- Consumer stocks climbed late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) edging up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1.8%.

In corporate news, Shoe Carnival ( SCVL ) shares jumped 20% after the company posted fiscal Q2 earnings that topped Wall Street estimates.

American Eagle Outfitters ( AEO ) shares surged 38% after the clothing retailer's fiscal Q2 earnings unexpectedly increased, while revenue topped market estimates amid higher demand and expense management.

Gap (GAP) plans to test several beauty and personal care products at 150 of its Old Navy stores as part of an expansion strategy. Gap shares jumped 6%.

General Motors ( GM ) is cutting production at electric vehicle plants as the carmaker adjusts to a slowdown in the EV market and the looming expiry of federal EV tax credits. GM shares rose 0.8%.