01:44 PM EDT, 05/14/2025 (MT Newswires) -- Consumer stocks were mixed Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.4%.

In corporate news, Tesla's (TSLA) board has formed a special committee to review Elon Musk's compensation and explore alternative ways to reward him for past performance if his contested $56 billion pay deal isn't reinstated, the Financial Times reported. Separately, Tesla plans to ship components to the US from China for Cybercab and Semi trucks by the end of May, Reuters reported. Tesla shares rose 3.1%.

American Eagle Outfitters ( AEO ) shares dropped 4.8% after the clothing retailer said it expects to record a fiscal Q1 operating loss amid inventory charges on its spring and summer merchandise. The company also withdrew its full-year outlook due to macro uncertainties.

Kraft Heinz ( KHC ) will invest $3 billion to upgrade its US factories, Reuters reported, citing an interview with Pedro Navio, the company's president of North America. Kraft Heinz ( KHC ) shares retreated 1.3%.