03:29 PM EDT, 08/22/2024 (MT Newswires) -- Consumer stocks fell late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 1.5%.

In corporate news, Williams-Sonoma ( WSM ) shares dropped 7.5%. The company downgraded its full-year revenue guidance Thursday after fiscal Q2 sales fell short of market expectations amid macro uncertainty.