01:41 PM EDT, 04/22/2026 (MT Newswires) -- Consumer stocks were mixed Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.1% lower.

In corporate news, Philip Morris International ( PM ) shares jumped past 6% after it reported Q1 results above market estimates.

AT&T ( T ) reported better-than-expected Q1 results on Wednesday, while the telecommunications giant reiterated its full-year earnings outlook. AT&T ( T ) shares were 0.3% lower.

Best Buy ( BBY ) shares fell 4.8% after the firm said Corie Barry will step down as chief executive at the end of Q3, with Jason Bonfig, chief customer, product and fulfillment officer, set to succeed her.