03:24 PM EDT, 07/23/2025 (MT Newswires) -- Consumer stocks were mixed late Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.5%.

In corporate news, Skydance Media committed to appoint an ombudsman to review bias complaints at CBS as a condition of its merger with Paramount Global ( PARAA ) , media reports said, citing the company's letter to the Federal Communications Commission. Paramount shares rose 0.5%.