03:22 PM EDT, 03/11/2026 (MT Newswires) -- Consumer stocks were lower late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 1.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.5%.

In corporate news, Papa John's International (PZZA) shares jumped 17%. The company is reviewing an offer from Qatari-backed investment fund Irth Capital Management to take the company private at $47 per share, or about $1.5 billion, The Wall Street Journal reported. The bid includes backing from Brookfield (BN), the report said.