01:32 PM EDT, 03/22/2024 (MT Newswires) -- Consumer stocks fell Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.8%.

In corporate news, Lululemon Athletica ( LULU ) shares tumbled 15% as several analysts cut their price targets on the stock after the company's sales and earnings guidance for fiscal Q1 and the full year trailed market expectations.