01:38 PM EDT, 06/28/2024 (MT Newswires) -- Consumer stocks were lower Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.1%.

In corporate news, Nike ( NKE ) late Thursday reported a decline in fiscal Q4 revenue while its earnings outperformed estimates. Its shares tumbled past 20%.