01:30 PM EDT, 08/01/2024 (MT Newswires) -- Consumer stocks were mixed Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 2.4%.

In corporate news, Hershey's (HSY) Q2 results fell more than Wall Street's expectations as consumers pulled back on discretionary spending, prompting the company to cut its full-year outlook. Its shares shed 0.5%.