Consumer stocks were mixed Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.7%.

In corporate news, Walt Disney (DIS) shares jumped past 6%. The company's fiscal Q4 results exceeded market expectations buoyed by its streaming business, while the media and entertainment giant said it expects adjusted earnings growth in fiscal 2025 year over year.

Tapestry (TPR) terminated its planned acquisition of Michael Kors and Versace parent Capri (CPRI) due to uncertainty regarding regulatory approvals. Tapestry shares surged 12% and Capri was adding 4%.

Cracker Barrel Old Country Store (CBRL) shares popped 8% after the restaurant chain reported stronger-than-expected preliminary fiscal Q1 results and reiterated its full-year guidance.