01:32 PM EDT, 04/03/2024 (MT Newswires) -- Consumer stocks were mixed Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.9% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.2%.

In corporate news, Ulta Beauty ( ULTA ) shares tumbled past 14% after the company said it expects Q1 comparable sales to be at the lower end of previous H1 guidance.