03:45 PM EDT, 08/06/2025 (MT Newswires) -- Consumer stocks gained late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 1.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 2%.

In corporate news, McDonald's (MCD) reported stronger-than-expected Q2 results as comparable sales rebounded amid value offerings and menu innovations. The shares climbed 3.6%.

Walt Disney ( DIS ) lifted its full-year earnings outlook on Wednesday as its fiscal Q3 results rose year over year, although revenue fell short of market expectations. Disney ( DIS ) fell 2.5%.

Walmart's ( WMT ) upcoming Q2 earnings will likely show that the company's underlying momentum remains "strong," UBS said in a Tuesday note. Walmart ( WMT ) shares were rising 4.4%.

Snap (SNAP) shares tumbled past 17% after it late Tuesday logged a Q2 loss that unexpectedly widened amid higher operating expenses, while issues tied to a planned update to its advertising platform weighed on overall revenue growth.