01:36 PM EST, 03/06/2024 (MT Newswires) -- Consumer stocks were mixed Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.1%.

In corporate news, Nordstrom ( JWN ) declined more than 15% as the retailer said consumers were still cautious about making some purchases and warned that revenue could decline this year even after topping analysts' expectations in Q4 amid gains for its Rack off-price chain.