01:47 PM EDT, 08/07/2024 (MT Newswires) -- Consumer stocks were mixed Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.7%.

In corporate news, Walt Disney ( DIS ) raised its full-year earnings growth outlook following a better-than-expected fiscal Q3, while the firm said its combined streaming businesses achieved profitability earlier than expected. Separately, Disney ( DIS ) said it may have to pay up to an additional $5 billion to Comcast's ( CMCSA ) NBC Universal unit for its 33% stake in Hulu. Disney ( DIS ) shares were down 3%.