01:28 PM EDT, 06/26/2024 (MT Newswires) -- Consumer stocks were mixed Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1.2%.

In corporate news, FedEx ( FDX ) provided upbeat earnings guidance for fiscal 2025 as ongoing cost reduction efforts helped it top market expectations in Q4. Its shares surged nearly 15%.