01:45 PM EDT, 08/06/2025 (MT Newswires) -- Consumer stocks advanced Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) and the Consumer Discretionary Select Sector SPDR Fund (XLY) each rising about 1.6%.

In corporate news, McDonald's (MCD) reported stronger-than-expected Q2 results as comparable sales rebounded amid value offerings and menu innovations. The shares rose 2.9%.

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 3.9%.

Shopify ( SHOP ) reported better-than-expected Q2 results and provided a double-digit revenue growth outlook for Q3 amid continued resilience of its merchant base despite macroeconomic uncertainties. Its shares soared 19%.

MasterBrand ( MBC ) and American Woodmark ( AMWD ) said they plan to merge in an all-stock deal valued at $3.6 billion. MasterBrand ( MBC ) shares popped past 9%, and American Woodmark ( AMWD ) surged more than 15%.