Consumer stocks rose late Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 1.7%.
In corporate news, Amazon.com (AMZN) was issued a final order by the US Consumer Product Safety Commission to take action regarding certain hazardous products sold on its platform. The shares gained 2.4%.
Honda Motor's (HMC) auto financing arm was ordered to pay $12.8 million by a US consumer watchdog for alleged credit-reporting failures. Honda shares climbed 1%.
PepsiCo (PEP) is facing a lawsuit filed by the US Federal Trade Commission in a federal court in Manhattan for alleged price discrimination against retailers, Bloomberg reported. PepsiCo shares added 1%.
Figs (FIGS) rejected an unsolicited acquisition proposal from Story3 Capital Partners. Figs shares dropped 3.4%.
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