03:24 PM EDT, 03/26/2025 (MT Newswires) -- Consumer stocks were mixed late Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) rising 1.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.6%.

In sector news, President Donald Trump will announce auto industry tariffs at 4 p.m. Wednesday, Bloomberg reported, citing White House Press Secretary Karoline Leavitt. Trump previously indicated he would share details on auto levies before his planned April 2 rollout of sweeping reciprocal tariffs against other countries.

In corporate news, Chewy (CHWY) on Wednesday issued a fiscal Q1 revenue outlook above Wall Street estimates as the online pet store company reported stronger-than-expected Q4 results. Its shares were adding 0.4%.