03:53 PM EST, 02/26/2025 (MT Newswires) -- Consumer stocks fell late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) dropping 1.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.3%.

In corporate news, TJX's (TJX) fiscal Q4 results topped market estimates amid same-store sales growth across all divisions, while the discount retailer expects its earnings to fall in the ongoing three-month period year over year. Its shares rose 2%.

Mullen Automotive ( MULN ) shares surged 67% after it said its electric commercial vehicles were added to National Auto Fleet Group's Sourcewell contract, allowing government agencies and educational institutions to buy them more easily.

Uber's ( UBER ) rival Bolt has hired PJT Partners (PJT) to explore options, including a potential initial public offering, Bloomberg reported. Uber ( UBER ) shares were rising 1.4%.

Anheuser-Busch InBev ( BUD ) shares spiked 7.5% after the company reported surprise increases in Q4 results despite volume weakness.