01:52 PM EST, 01/16/2025 (MT Newswires) -- Consumer stocks were mixed Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.7%.

In corporate news, Target ( TGT ) held its Q4 earnings forecast steady despite sweetening its comparable sales guidance amid better-than-expected holiday sales performance in what Truist Securities said likely reflects competitive pressures. Target ( TGT ) shares were down 1.2%.

Amazon.com ( AMZN ) has entered into an agreement to buy Axio, the India-based buy-now, pay-later startup said in a blog post. Amazon ( AMZN ) shares were shedding 1.1%.

Rivian Automotive ( RIVN ) and Plug Power ( PLUG ) may receive billions of dollars in financing from the outgoing US administration before Donald Trump assumes office next week, Bloomberg reported late Wednesday. Rivian shares popped 4.1% and Plug fell 0.8%.