Consumer stocks were mixed late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) shedding 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 0.9%.

In corporate news, Paramount Skydance (PSKY) said Tuesday it has sweetened its acquisition bid for Warner Bros. Discovery (WBD) by adding a so-called "ticking fee," among other changes, saying its offer is superior to a pending deal between Warner Bros. and Netflix (NFLX). Paramount shares rose 0.8%, Warner added 2.5%, and Netflix increased 1.4%.