01:35 PM EDT, 07/30/2025 (MT Newswires) -- Consumer stocks fell Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) declining 0.2%.

In corporate news, Amazon's ( AMZN ) AI deal with the New York Times ( NYT ) will likely fetch the news publisher $20 million to $25 million a year, The Wall Street Journal reported. Amazon ( AMZN ) shares eased 0.3%, and the New York Times ( NYT ) rose 0.1%.

Starbucks' ( SBUX ) reported fiscal Q3 sales above market estimates, while earnings declined more than expected as the company continued to invest in its turnaround strategy. The stock rose 0.5%.

Hershey (HSY) reported Q2 results that surpassed Wall Street's estimates, while the chocolate maker warned of a steeper drop in full-year earnings. The shares rose 2.5%.

Harley-Davidson ( HOG ) shares jumped 16%. The company agreed to divest a stake in its financial services unit and sell $5 billion in loans under a partnership with KKR (KKR) and PIMCO, while the motorcycle maker's Q2 results missed market estimates amid continued tariff-related impacts.