01:25 PM EST, 03/08/2024 (MT Newswires) -- Consumer stocks were decreasing Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.5%.

In corporate news, Costco Wholesale ( COST ) shares tumbled more than 7% after reporting fiscal Q2 net sales that trailed analyst estimates.