01:06 PM EDT, 10/29/2025 (MT Newswires) -- Consumer stocks were lower Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) dropping 1.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) easing 0.3%.
In corporate news, Stride (LRN) shares fell nearly 51% after the company announced its Q1 results and fiscal 2026 guidance a day earlier, and analysts cut price targets on the stock.