03:41 PM EDT, 07/16/2025 (MT Newswires) -- Consumer stocks were rising late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.3%.

In sector news, President Donald Trump told reporters Wednesday at the White House that he will send letters to over 150 countries informing them of US tariff rates, according to media reports.

In corporate news, Ford (F) said it will spend about $570 million to remedy a fuel leak issue in some vehicles that are being recalled in the US. Ford shares were shedding 2.5%.