03:30 PM EDT, 07/02/2025 (MT Newswires) -- Consumer stocks were advancing late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) rising 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.8%.

In corporate news, Uber ( UBER )-backed (UBER) startup Moove is close to raising $1.2 billion in a debt round, which would fund the US rollout and expansion of an autonomous-driving fleet with Alphabet's (GOOG) Waymo, Bloomberg reported. Uber ( UBER ) shares added 0.2%.