03:51 PM EDT, 03/25/2026 (MT Newswires) -- Consumer stocks were higher late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1%.
In sector news, the US Postal Service will impose an 8% surcharge on packages to account for rising fuel costs, The Wall Street Journal reported Wednesday. It's the first time the USPS has imposed such a fee to cover the cost of fuel, the report said.
In corporate news, Lyft ( LYFT ) said Wednesday it is introducing a temporary driver relief program in the US to help its gig workers deal with higher gasoline prices. The 60-day program will start on Friday and run until May 26, offering cash-back incentives for its drivers, the company said. Lyft ( LYFT ) shares increased 0.3%.
JetBlue Airways ( JBLU ) shares surged nearly 14%. The airline has reached out to advisers to evaluate the feasibility of selling itself to a rival airline and have explored how a deal with United Airlines (UAL), Southwest Airlines (LUV) or Alaska Airlines (ALK) would fare in Washington, Semafor reported.
Chewy (CHWY) shares jumped past 13% after it issued an upbeat full-year sales outlook on Wednesday, even though the online pet store company reported fiscal Q4 results just below market estimates.
DraftKings ( DKNG ) and Flutter Entertainment ( FLUT ) unit FanDuel were sued in a product-liability case alleging the companies used modern technology to encourage addictive microbetting, the Public Health Advocacy Institute said Tuesday. DraftKings ( DKNG ) shares fell 7.9%, and Flutter was shedding 3.9%.