03:44 PM EDT, 05/01/2025 (MT Newswires) -- Consumer stocks were mixed late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1.1%.

In sector news, the Trump administration contacted China to begin discussions on tariffs, Bloomberg reported, citing a state-run media outlet. US Treasury Secretary Scott Bessent reportedly said earlier in the week that "it's up to China to de-escalate" trade tensions between the two countries.

In corporate news, Harley-Davidson ( HOG ) shares rose 3.5% after the company reported Q1 earnings that beat analysts' estimates.