03:29 PM EDT, 04/12/2024 (MT Newswires) -- Consumer stocks fell in late Friday afternoon trading with the Consumer Staples Select Sector SPDR Fund (XLP) declining 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 1.8%.

In corporate news, Paramount Global ( PARAA ) was asked by activist investor Barington Capital to end exclusive talks with David Ellison and consider rival offers, including one from Apollo Global Management ( APO ) , Bloomberg reported Friday. Paramount shares fell 2.8% and Apollo declined 3.1%.