03:27 PM EDT, 05/01/2024 (MT Newswires) -- Consumer stocks were mixed late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) gaining 1.1%.

In corporate news, Garmin ( GRMN ) shares jumped 14% after the company reported higher Q1 non-GAAP earnings and net sales that topped market expectations.