03:57 PM EST, 11/06/2024 (MT Newswires) -- Consumer stocks were mixed late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) falling 1.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) jumping 3%.

In corporate news, Six Flags Entertainment ( FUN ) shares surged 6%. Its Q3 net revenue came in ahead of analysts' estimates.

Tesla (TSLA) shares surged 15% after Donald Trump's victory in the US presidential election fueled bets that the electric vehicle maker stands to benefit.

Yum Brands ( YUM ) faces more soft sales prospects for KFC ( YUM ) and Pizza Hut after Q3 adjusted earnings and revenue trailed estimates, Morgan Stanley said in a report. The investment firm cut its price target on Yum to $158 from $160 and maintained the overweight rating. Yum shares shed 0.5%.

Revolve (RVLV) shares soared 28%, a day after the company reported better-than-expected Q3 earnings and net sales.