01:35 PM EDT, 03/21/2025 (MT Newswires) -- Consumer stocks were lower Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) and the Consumer Discretionary Select Sector SPDR Fund (XLY) each easing 0.1%.

In corporate news, Nike ( NKE ) shares fell more than 5% as the sportswear giant flagged revenue and gross margin declines in its fiscal Q4 amid tariff impact and its ongoing transformation efforts, while it reported better-than-expected results for the previous three-month period.