03:26 PM EST, 03/06/2024 (MT Newswires) -- Consumer stocks were mixed late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) 0.6% higher and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.4%.

In corporate news, Paramount Global ( PARAA ) is in advanced talks to sell its minority stake in India's Viacom18 Media to Reliance Industries, Bloomberg reported Wednesday. Paramount shares gained 2.8%.