03:28 PM EDT, 05/23/2025 (MT Newswires) -- Consumer stocks were mixed late Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.8%.

In sector news, President Donald Trump said he's recommending a "straight" 50% tariff on the EU, effective June 1, because the bloc has been "very difficult to deal with."

In corporate news, McDonald's (MCD) will close all standalone pilot CosMc's locations on a rolling basis, starting late June. The company, which will also discontinue the CosMc's app, said the main goal of the beverage test concept was to create a launchpad for learning. McDonald's shares added 0.3%.