03:28 PM EDT, 10/02/2024 (MT Newswires) -- Consumer stocks declined late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) and the Consumer Discretionary Select Sector SPDR Fund (XLY) each shedding 0.8%.
In corporate news, Formula One (FWONK) shares added 1.2% after the company announced a 10-year sponsorship deal with luxury giant LVMH.