03:57 PM EDT, 06/04/2025 (MT Newswires) -- Consumer stocks fell late Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.2%.

In corporate news, Mullen Automotive ( MULN ) shares tripled. The company raised $14.4 million from two offerings of notes and warrants to certain investors.

REV (REVG) shares jumped 16% after the company reported fiscal Q2 adjusted earnings and net sales that topped Wall Street's expectations and raised full-year revenue guidance.

Dollar Tree ( DLTR ) forecast an earnings decline of up to 50% in fiscal Q2 amid tariff woes after posting better-than-expected Q1 results. The shares dropped 7.3%.

Thor Industries ( THO ) reported fiscal Q3 results that topped Wall Street estimates and reiterated full-year guidance despite macroeconomic uncertainties. The shares rose 4.7%.

Walmart ( WMT ) is cutting some jobs in Florida in response to recent Supreme Court rulings regarding the legal residency of migrants, Bloomberg reported. Walmart ( WMT ) shares fell 0.5%.