03:52 PM EDT, 06/25/2025 (MT Newswires) -- Consumer stocks were lower late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) and the Consumer Discretionary Select Sector SPDR Fund (XLY) each falling about 1.2%.

In corporate news, Ulta Beauty ( ULTA ) said Chris Lialios, senior vice president, controller, will serve as interim CFO, succeeding Paula Oyibo, who has left the firm. Ulta shares were down 1.2%.

A mediator proposed that President Donald Trump and Paramount (PARA) settle Trump's lawsuit over a CBS "60 Minutes" interview with Kamala Harris for $20 million, The Wall Street Journal reported. Paramount shares were little changed.

Tesla's (TSLA) new car sales in Europe dropped almost 28% in May from a year ago, even as total battery electric vehicle sales in the region jumped over 27%, the European Automobile Manufacturers Association reported. Tesla shares fell 3.7%.

FedEx ( FDX ) shares dropped 3.7% after the company guided fiscal Q1 earnings below market estimates and declined to give a full-year view amid tariff uncertainty, even though its Q4 results topped market expectations.

General Mills ( GIS ) recorded fiscal Q4 sales below market expectations as volume and prices fell, while the Cheerios maker projected earnings in fiscal 2026 to be down by double digits on a yearly basis. Its shares fell 4.5%.