01:34 PM EDT, 08/02/2024 (MT Newswires) -- Consumer stocks were mixed Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 4.2%.

In corporate news, Coca-Cola (KO) shares gained 1% after it said Friday it will appeal the US Tax Court decision in the ongoing case between the company and the Internal Revenue Service.