03:47 PM EDT, 08/08/2025 (MT Newswires) -- Consumer stocks advanced late Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.2%.

In corporate news, Sweetgreen ( SG ) shares tumbled 26%, a day after the company posted a wider-than-expected loss and revenue miss in Q2 and lowered 2025 guidance.

Netflix ( NFLX ) shares rose 2.6% after Bloomberg reported the company is in talks with Major League Baseball about acquiring rights to stream the Home Run Derby.

Monster Beverage ( MNST ) shares jumped past 6%, a day after it recorded better-than-expected Q2 results, with tariffs having an immaterial impact on operations.

Wendy's (WEN) lowered its full-year earnings and global systemwide sales outlook on Friday, even though the fast food chain recorded fiscal Q2 results above market expectations. Its shares added 1.6%.

FuboTV ( FUBO ) on Friday swung to a higher-than-expected profit in Q2, while the live-sports streaming company's sales and subscribers fell year over year. Its shares added 0.8%.