03:43 PM EDT, 06/26/2025 (MT Newswires) -- Consumer stocks were mixed late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1%.
In sector news, President Donald Trump may extend his looming tariff-pause deadline beyond July 9, White House press secretary Karoline Leavitt said Thursday at a briefing, according to media reports. The deadline "is not critical," Leavitt reportedly said.
In corporate news, Rivian Automotive ( RIVN ) has eliminated about 140 jobs, TechCrunch reported Thursday. Rivian shares rose 1.2%.
Splash Beverage ( SBEV/WS ) shares surged 32% after it said Thursday it agreed to buy rights to a spring water source in Costa Rica's Blue Zone region in a deal valued at $20 million.
McCormick ( MKC ) shares jumped 5.2%. The firm reiterated its full-year outlook amid plans to offset costs related to tariffs, while its fiscal Q2 earnings beat market expectations.
JetBlue Airways' ( JBLU ) second-largest investor, Vladimir Galkin, said he may sell his 10% stake in the airline if its cost-cutting efforts and turnaround plan fail to deliver results, Reuters reported Thursday, citing Galkin. JetBlue ( JBLU ) shares were shedding 1%.