01:54 PM EST, 12/17/2025 (MT Newswires) -- Consumer stocks were mixed Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.8%.

In corporate news, Warner Bros. Discovery ( WBD ) has urged its shareholders to reject Paramount Skydance's ( PSKY ) acquisition proposal, describing the offer as "inferior" to the merger deal with Netflix ( NFLX ) . Warner Bros. Discovery ( WBD ) shares were down 2%, Paramount Skydance ( PSKY ) dropped 3.7%, while Netflix ( NFLX ) rose 1.1%.

Coursera ( COUR ) agreed to merge with fellow online learning platform Udemy ( UDMY ) in an all-stock deal to create a company with an implied equity value of about $2.5 billion. Coursera ( COUR ) shares rose 2.2%, and Udemy ( UDMY ) jumped past 18%.

General Mills ( GIS ) reported better-than-expected fiscal Q2 results on Wednesday and reiterated its full-year outlook. Its shares added 2.5%.

Lennar ( LEN ) shares fell 4.5% after the homebuilder issued a fiscal Q1 delivery outlook below market estimates, while its earnings declined more than expected amid affordability challenges and weak consumer confidence.