Shares of consumer discretionary companies reversed higher in premarket trading Friday following data showing the jobs market moderated in October, fueling hopes that interest rates may have peaked. The Consumer Discretionary Select Sector ETF

rose 0.7%, after being down 0.3% just before the data. Among some of the ETF’s more active components, shares of Tesla Inc.

rallied 1.4% toward a fourth straight gain, after being down 0.1% just before the jobs numbers; of Inc.

gained 0.6% after a pre-data loss of 0.4%; of Ford Motor Co.

tacked on 1.%, after being up 0.4% pre-data; of Carnival Corp.

advanced 1.7%, compared with a pre-data gain of 0.4%; and of Starbucks Corp.

tacked on 0.1%, after being down 0.2% before the data. Meanwhile, the SPDR S&P 500 ETF

turned up 0.4%, from a dip of 0.1% pre-data.

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