03:03 PM EDT, 06/05/2026 (MT Newswires) -- Consumer stocks were mixed late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 2.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 2%.

In corporate news, Paramount Skydance ( PSKY ) is facing mounting legal pressure as a group of US states prepares a lawsuit to block its $110 billion acquisition of Warner Bros. Discovery ( WBD ) , Reuters reported, citing two people familiar with the matter. Paramount Skydance ( PSKY ) shares dropped 5.6% and Warner Bros. stock was down 3.6%.