03:31 PM EDT, 09/03/2024 (MT Newswires) -- Consumer stocks were mixed late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.2%.

In corporate news, FedEx ( FDX ) is likely to post fiscal Q1 results below consensus views later this month due to misses in its ground and express businesses, Morgan Stanley said. FedEx ( FDX ) shares were falling nearly 2%.