Consumer stocks were mixed Thursday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 1.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.1%.

In corporate news, Rivian Automotive (RIVN) raised delivery projections for this year after the EV manufacturer's Q2 numbers exceeded expectations. Ford (F) reported a 10% drop in new US vehicle sales from a year earlier. Rivian shares jumped 7.5%, while Ford fell 2.7%.

Tesla (TSLA) delivered 480,126 vehicles in Q2, up 25% from a year earlier. Model 3/Y deliveries rose to 467,762 vehicles from 373,728. Tesla shares still slumped 8.1%.

American Eagle Outfitters (AEO) named Papa John's International (PZZA) Chief Financial Officer Ravi Thanawala as its finance chief, succeeding Mike Mathias, who will shift to a strategic advisory role. American Eagle shares fell 5.1%, and Papa John's shed 0.8%.