03:36 PM EDT, 05/22/2024 (MT Newswires) -- Consumer stocks fell late Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping1.2%.

In corporate news, McDonald's (MCD) franchisee group National Owners Association said an upcoming $5 value meal promotion may not be sustainable for operators in the long run without future contributions from McDonald's, CNBC reported Wednesday. McDonald's shares eased 0.1%.