03:43 PM EDT, 03/26/2025 (MT Newswires) -- Consumer stocks were mixed late Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) rising 1.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.8%.

In sector news, President Donald Trump will announce auto industry tariffs at 4 p.m. Wednesday, Bloomberg reported, citing White House Press Secretary Karoline Leavitt. Trump previously indicated he would share details on auto levies before his planned April 2 rollout of sweeping reciprocal tariffs against other countries.

In corporate news, Chewy (CHWY) issued fiscal Q1 revenue guidance that topped Wall Street estimates as the online pet store company reported stronger-than-expected Q4 results. The stock rose 0.4%.

Cintas ( CTAS ) shares jumped 6.4% after the company boosted its full-year earnings outlook as fiscal Q3 results topped Wall Street's estimates.

Rivian Automotive ( RIVN ) separated its micromobility business into a new company that will focus on small and lightweight vehicles. Rivian shares fell 2.9%.

Tesla (TSLA) buyers in Canada will no longer be eligible for electric vehicle rebates following an order by Transport Minister Chrystia Freeland, news outlets reported. Tesla shares fell 6.9%.