Consumer stocks were mixed late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.1%.
In corporate news, Fox's (FOXA) bond sale to help fund its acquisition of Roku (ROKU) drew about $39 billion in orders, nearly five times its targeted size, Bloomberg reported. Proceeds will be used to repay $8.4 billion in bridge financing utilized for the takeover, according to the report. Fox Class A shares were down 1%.