01:36 PM EST, 03/05/2025 (MT Newswires) -- Consumer stocks were rising Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.6%.

In sector news, the Trump Administration is considering suspending its 25% tariffs on the automotive sector following pressure from auto manufacturers, Bloomberg reported.

In corporate news, Thor Industries ( THO ) shares fell past 15%. The company swung to an unexpected fiscal Q2 loss amid a challenging market environment, while the recreational vehicle maker lowered its full-year earnings outlook.