01:32 PM EDT, 06/05/2024 (MT Newswires) -- Consumer stocks were mixed Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.4%.

In corporate news, Dollar Tree ( DLTR ) shares dropped 4% after the company reported lower Q1 adjusted earnings from a year earlier and started a formal review of strategic alternatives for its Family Dollar business segment.