03:16 PM EST, 11/06/2025 (MT Newswires) -- Consumer stocks were falling late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 1.9%.

In corporate news, Tapestry (TPR) on Thursday issued a weak outlook for the key holiday quarter, overshadowing the luxury fashion company's strong Q1 results that prompted it to lift its full-year guidance. Its shares dropped past 9%.