01:19 PM EDT, 06/13/2025 (MT Newswires) -- Consumer stocks were lower Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) dropping 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) fractionally lower.

In economic news, the University of Michigan's preliminary consumer sentiment index rose to 60.5 in June from 52.2 in May, compared with expectations for a smaller increase to 53.6 in a survey compiled by Bloomberg.

In corporate news, Israel's military strikes on Iran's nuclear and military sites were pressuring airline and cruise operator stocks. American Airlines ( AAL ) was down 3.3%, Delta Air Lines ( DAL ) dropped 2.2% and United Airlines (UAL) fell 2.9%. Among cruise operators, Carnival (CCL) was off 4%, Norwegian Cruise Line ( NCLH ) 3.3% and Royal Caribbean (RCL) 2.3%.