01:57 PM EDT, 09/03/2024 (MT Newswires) -- Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) rising 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.6%.

In corporate news, Constellation Brands ( STZ ) lowered its reported fiscal 2025 EPS guidance to a range of $3.05 to $7.92 from the previous guidance of $14.63 to $14.93, while raising the lower end of its comparable EPS forecast. Its shares rose 3.1%.

Elliott Investment Management now holds 10% of Southwest Airlines' ( LUV ) common stock, enough for it to call a special shareholder meeting, Reuters reported Tuesday. Southwest ( LUV ) shares gained 2.3%.

Thousands of workers from Hyatt Hotels ( H ) , Marriott International ( MAR ) , and Hilton Worldwide ( HLT ) in nine US cities went on strike on Labor Day, demanding "higher wages, fair staffing and workloads, and the reversal of COVID-era cuts," Unite Here labor union said. Hyatt shares shed 0.9%, Marriott ( MAR ) fell 1%, and Hilton dropped 1.6%.