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FINWIRES

Sector Update: Consumer Stocks Mixed Thursday Afternoon

-- Consumer stocks were mixed Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.5%.

In corporate news, PepsiCo (PEP) reported higher-than-expected fiscal Q1 results on Thursday amid affordability initiatives, while the company reiterated its full-year outlook. Shares rose 2.8%.

Walmart (WMT) said Thursday it is making a "significant" investment across the US this year for remodels and opening new stores. Walmart shares added 0.3%.

Sales of Tesla's (TSLA) Cybertruck were boosted by purchases from Elon Musk's other companies, Bloomberg reported, citing S&P Global Mobility registration data. Tesla declined 1%.

General Motors (GM) and Ford (F) are among several companies that have held discussions with senior US defense officials about supporting increased weapons and military supplies production, the Wall Street Journal reported. GM shares were down 0.4%, and Ford fell 1.9%.

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