03:35 PM EDT, 04/03/2025 (MT Newswires) -- Consumer stocks were mixed late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) rising 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 6.1%.

In sector news, President Donald Trump's auto tariffs will likely cost US car buyers about $30 billion in the first year, assuming carmakers will absorb some of the costs, Anderson Economic Group said in a report.

In corporate news, RH (RH) shares tumbled 40%, a day after the company reported fiscal Q4 adjusted earnings and sales that trailed estimates by analysts. The earnings woes may be exacerbated by the Trump administration's broad tariffs, Wedbush said.