01:08 PM EDT, 03/20/2026 (MT Newswires) -- Consumer stocks were lower Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1%.

In corporate news, FedEx ( FDX ) reported fiscal Q3 adjusted earnings late Thursday of $5.25 per diluted share, up from $4.51 a year earlier and above the FactSet consensus analyst estimate of $4.15. Its shares rose 1.2%.