03:33 PM EDT, 07/18/2025 (MT Newswires) -- Consumer stocks were mixed late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.9%.

In sector news, President Donald Trump is advocating for a minimum tariff of 15% to 20% on EU goods, up from the 10% previously discussed during negotiations, the Financial Times reported Friday, citing three people briefed on the talks.

In corporate news, Cheesecake Factory ( CAKE ) is expected to post Q2 same-store sales and earnings per share above consensus estimates, though recent share gains suggest the upside may already be priced in, UBS Securities said in an earnings preview on Friday. UBS raised its price target to $50 from $45, with a sell rating. Cheesecake Factory ( CAKE ) shares rose 1.7%.