03:32 PM EDT, 08/06/2025 (MT Newswires) -- Consumer stocks advanced late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 1.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 2%.

In corporate news, Snap (SNAP) shares tumbled past 17% after it late Tuesday logged a Q2 loss that unexpectedly widened amid higher operating expenses, while issues tied to a planned update to its advertising platform weighed on overall revenue growth.