01:41 PM EDT, 11/01/2024 (MT Newswires) -- Consumer stocks were rising Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 1.9%.

In corporate news, Charter Communications' ( CHTR ) Q3 results increased year over year and topped market estimates, buoyed by double-digit revenue gains in residential mobile services and advertising. Its shares jumped past 13%.

Cumulus Media ( CMLS ) shares slumped past 17% after swinging to a Q3 loss.

PepsiCo ( PEP ) won the dismissal of a New York lawsuit accusing the company of polluting the Buffalo River with its single-use plastic packaging, the company said Friday. Its shares were shedding 0.3%.