03:58 PM EDT, 09/18/2024 (MT Newswires) -- Consumer stocks were lower late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) easing 0.2%.

In corporate news, General Motors ( GM ) said its electric vehicle customers will be able to access Tesla's (TSLA) Supercharger network using a specific GM-approved adapter. GM shares rose 2%, and Tesla added 0.3%.

GameStop ( GME ) shares fell 2.6%. The Federal Trade Commission said the company's Chief Executive Ryan Cohen agreed to pay a $985,320 civil penalty to settle charges of federal disclosure rules following his 2018 purchase of Wells Fargo (WFC) stock.

Mullen Automotive ( MULN ) shares plunged nearly 23%. The company said Wednesday that its unit Bollinger Motors priced the 2025 Bollinger B4 Chassis Cab at $158,758.

VF (VFC) shares jumped 4% after Barclays upgraded the company's stock to overweight from equalweight.