03:29 PM EDT, 08/28/2024 (MT Newswires) -- Consumer stocks were retreating late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1%.

In corporate news, Foot Locker ( FL ) shares tumbled past 10% after the company swung to a fiscal Q2 loss year over year and trimmed its full-year gross margin outlook.