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Sector Update: Consumer Stocks Mixed Wednesday Afternoon

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Consumer stocks were mixed Wednesday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.1%.

In corporate news, Ford Motor's (F) total US vehicle sales in May fell 13.6% to 190,828 from a year earlier, the automaker said. The stock fell 2.9%.

Ulta Beauty's (ULTA) limited guidance flow-through from its $0.85 earnings per share beat, along with tougher Q2 to Q4 comparisons, raises questions about the extent of earnings delivery in H2, Morgan Stanley said. Ulta shares fell 4.5%.

Macy's (M) raised its full-year outlook after the department store operator's fiscal Q1 earnings rose unexpectedly. The stock fell 0.6%.

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