-- Consumer stocks were mixed late Thursday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 0.6%.
In corporate news, Ford's (F) reorganization announced late Wednesday "makes sense," though the departure of Doug Field, the EV chief, risks unsettling investors, UBS Securities said. Ford shares dropped 1.8%.
PepsiCo (PEP) reported higher-than-expected fiscal Q1 results amid affordability initiatives, while the company reiterated its full-year outlook. The shares rose 1.9%.
Walmart (WMT) said it is making a "significant" investment across the US this year for remodels and opening new stores. Walmart shares were little changed.
Tesla's (TSLA) Cybertruck sales were boosted by purchases from Elon Musk's other companies, Bloomberg reported, citing S&P Global Mobility registration data. Tesla shares declined 0.6%.