03:19 PM EDT, 10/08/2025 (MT Newswires) -- Consumer stocks were mixed late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.3%.

In corporate news, Paramount Skydance ( PSKY ) Chief Executive David Ellison is in talks with private equity firms to explore a potential acquisition of Warner Bros. Discovery ( WBD ) that could cost over $60 billion, the New York Post reported Wednesday. Paramount shares were down 0.5%, and Warner fell 3.6%.