02:02 PM EDT, 06/28/2024 (MT Newswires) -- Consumer stocks were lower Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1%.

In corporate news, Nike ( NKE ) late Thursday reported a decline in fiscal Q4 revenue that also missed estimates, while it also cut its outlook. Its shares tumbled 20%.

Toyota ( TM ) plans to launch its first electric-car model with an advanced autonomous driving system in China next year, Reuters reported. Toyota ( TM ) shares added 0.5%.

Six Flags Entertainment ( SIX ) shares spiked 2% after it said Friday it's introducing Six Flags Metaverse on Roblox ( RBLX ) . Roblox ( RBLX ) was down 0.4%.