01:05 PM EDT, 07/02/2025 (MT Newswires) -- Consumer stocks were advancing Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) fractionally higher and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.7%.

In corporate news, Tesla's (TSLA) Q2 deliveries fell year over year amid rising competition in the electric vehicle space, but the tally rose sequentially. Tesla shares were rising over 4%.