03:11 PM EDT, 07/31/2026 (MT Newswires) -- Consumer stocks were mixed late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 3.3%.

In corporate news, California Governor Gavin Newsom has expressed concerns about the effect on state employment should the state's lawsuit result in the blocking of Paramount Skydance's ( PSKY ) acquisition of Warner Bros. Discovery ( WBD ), The Wall Street Journal reported. The governor's office has encouraged Attorney General Rob Bonta's office to find an out-of-court resolution, the report said. Paramount shares rose 1.3%, and Warner added 2.9%.