03:40 PM EST, 12/26/2024 (MT Newswires) -- Consumer stocks were mixed late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.1%.

In corporate news, Starbucks ( SBUX ) shares climbed 2% as employees returned to work on Wednesday following a five-day strike.

Toyota ( TM ) shares jumped past 8% after Nikkei reported Wednesday that the carmaker is looking at a 20% return on equity target for fiscal 2025, against market forecasts of 11%.

Ryde (RYDE) shares surged 27%. The company said municipal officials in Singapore have renewed its license as a full ride-hailing and carpool operator for the next three years.

Uber's ( UBER ) $950 million acquisition offer for Foodpanda's Taiwan delivery business has been blocked by the country's antitrust regulator, news outlets reported Thursday. Uber ( UBER ) shares were rising 0.4%.