01:38 PM EDT, 08/05/2026 (MT Newswires) -- Consumer stocks were mixed Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.2%.

In corporate news, Uber's ( UBER ) shares fell 6.6% after its Q2 revenue missed market estimates and it provided a soft Q3 bookings guidance.

Walt Disney's ( DIS ) fiscal Q3 earnings rose above Wall Street's estimates on Wednesday even as revenue fell short of expectations despite a boost from "Toy Story 5." Disney ( DIS ) shares rose 3.2%.

Starboard Value has built a stake in Shake Shack ( SHAK ) worth "several hundred million dollars," Bloomberg reported Wednesday, citing an interview with the firm's Chief Executive Jeff Smith. Shake Shack ( SHAK ) shares jumped past 9%.