01:39 PM EDT, 07/19/2024 (MT Newswires) -- Consumer stocks were slipping Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.1%.

In corporate news, Netflix ( NFLX ) reported stronger-than-expected Q2 results late Thursday, as the streaming giant's membership growth exceeded Wall Street's expectations. Its shares were still falling 1.5%.