03:41 PM EDT, 07/23/2025 (MT Newswires) -- Consumer stocks were mixed late Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.5%.

In corporate news, Skydance Media committed to appoint an ombudsman to review bias complaints at CBS as a condition of its merger with Paramount Global ( PARAA ) , media reports said, citing the company's letter to the Federal Communications Commission. Paramount shares rose 0.6%.

Shares of Japanese carmakers Toyota Motor ( TM ) and Honda Motor ( HMC ) jumped around 13% each following the completion of a trade agreement between the US and Japan.

Lamb Weston ( LW ) shares surged past 16% after it reported fiscal Q4 results above Wall Street's estimates and announced a cost-savings program to boost profitability.

Hasbro's ( HAS ) Q2 revenue beat Wall Street's estimates, though the toymaker said Wednesday that it faced order delays within consumer product operations due to uncertainty surrounding tariffs. Its shares were down 1.5%.