03:27 PM EST, 01/10/2025 (MT Newswires) -- Consumer stocks declined late Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) falling 1.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 1%.

In corporate news, Capri's (CPRI) Versace brand is being considered as a possible acquisition by Italian luxury retailer Prada, Italian newspaper Il Sole 24 reported. Capri shares jumped 9.9%.