Consumer stocks were mixed Tuesday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 2%.

In corporate news, Netflix (NFLX) revised its offer for Warner Bros. Discovery's (WBD) studio and streaming assets to an all-cash bid, countering Paramount Skydance's (PSKY) hostile takeover attempt. Netflix shares rose 0.2%, Warner Bros. added 0.5%, and Paramount fell 0.4%.