03:26 PM EDT, 06/11/2025 (MT Newswires) -- Consumer stocks fell late Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) declining 0.9%.

In corporate news, Starbucks ( SBUX ) has drawn "a lot of interest" in its move to explore a partnership with outside investors for a minority stake in its China business, the Financial Times reported, citing an interview with Chief Executive Officer Brian Niccol. Starbucks ( SBUX ) shares rose 4.4%.