01:50 PM EDT, 09/10/2025 (MT Newswires) -- Consumer stocks were lower Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 1.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1%.

In corporate news, Lennar ( LEN ) is expected to report fiscal Q3 earnings below market estimates due to soft demand trends, while the homebuilder's long-term margins are likely to face incremental headwinds, Oppenheimer said in a note Wednesday. Lennar ( LEN ) shares were down 1.1%.

Stride (LRN) shares fell over 3% after the Gallup-McKinley County Schools Board of Education in New Mexico said it has filed a complaint against the education provider, alleging fraud, deceptive trade practices and systemic violations of law.

Toyota ( TM ) will begin manufacturing two battery-powered sport utility vehicles at its Kentucky plant while ending the production of a Lexus model at the facility, Reuters reported. Toyota ( TM ) shares retreated 1.5%.