03:37 PM EDT, 06/04/2025 (MT Newswires) -- Consumer stocks were mixed late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.1%.

In corporate news, Mullen Automotive ( MULN ) shares surged 252%. The company raised $14.4 million via two securities purchase agreements with some investors, according to a regulatory filing.