01:38 PM EDT, 06/18/2025 (MT Newswires) -- Consumer stocks were higher Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.4%.

In corporate news, Hasbro ( HAS ) shares were advancing 1.2%. The company said late Tuesday it has laid off about 150 employees, or 3% of its global workforce, as part of a multiyear restructuring plan.