Sector Update: Consumer

Consumer stocks were rising late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 1%.

In corporate news, BranchOut Food BOF shares skyrocketed 67% after the company said Wednesday it has expanded its relationship with a large retailer, bringing the annualized value of commitments from the retailer to over $8 million.