03:44 PM EDT, 07/17/2026 (MT Newswires) -- Consumer stocks were falling late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) shedding 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) dropping 1.6%.

In corporate news, Netflix's ( NFLX ) Q2 revenue fell short of Wall Street's estimates, while the streaming giant said it will no longer publish its engagement report semi-annually. Its shares fell 7.4%.

Walmart's ( WMT ) chief operating officer for its US operations, Kieran Shanahan, is leaving the role, with COO for Walmart International, Kyle Kinnard, taking over effective immediately, Walmart ( WMT ) said Friday. Walmart ( WMT ) shares were down 0.4%.

Autoliv's ( ALV ) Q2 revenue topped expectations, though earnings fell short amid higher raw material costs. Autoliv ( ALV ) shares were down 3.5%.

Electronic Arts ( EA ) is expected to receive European Union approval under the bloc's foreign subsidy rules for its proposed $55 billion acquisition by an investor group led by Saudi Arabia's Public Investment Fund, Reuters reported. Electronic Arts ( EA ) shares added 0.5%.

A federal judge in California said Friday she would rule by July 22 on a dozen states' request to at least temporarily block Paramount Skydance's ( PSKY ) takeover of Warner Bros. Discovery ( WBD ) , Bloomberg reported. Paramount shares were down 4.7%, and Warner shed 1.5%.