03:14 PM EDT, 10/15/2025 (MT Newswires) -- Consumer stocks were edging higher late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.1%.
In corporate news, Paramount Skydance ( PSKY ) CEO David Ellison may submit an official merger bid for Warner Bros. Discovery ( WBD ) in the coming days, the New York Post's On The Money reported Wednesday. Paramount Skydance ( PSKY ) was fractionally higher, and Warner rose 2.5%.