01:23 PM EDT, 10/16/2025 (MT Newswires) -- Consumer stocks declined Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.6%.

In corporate news, General Motors ( GM ) and its joint venture partner, South Korea's Posco Future M, have paused the second phase of a cathode plant in Quebec, which has led to Vale (VALE) canceling plans for a nickel sulfate facility, Bloomberg News reported, citing GM and Vale. GM shares were down 0.4%.