03:57 PM EDT, 05/02/2025 (MT Newswires) -- Consumer stocks rose late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 1.5%.

In sector news, China said Friday it's evaluating approaches made by US officials to kick off negotiations on tariffs. "If we fight, we will fight to the end; if we talk, the door is open," Yahoo Finance reported, citing a statement from China's commerce ministry.

In corporate news, Frontier Group ( ULCC ) shares jumped nearly 8% after the company reported higher Q1 revenue.

Unilever ( UL ) will invest 30 billion Mexican pesos ($1.53 billion) in Mexico between 2025 and 2028 to boost its production capacity, including 8 billion pesos for a new factory in Nuevo Leon, Reuters reported. Unilever ( UL ) shares rose 0.9%.

Wendy's (WEN) lowered its full-year outlook on Friday, acknowledging that weak consumer trends may persist through the rest of the year. Its shares were adding 0.5%.

FuboTV's ( FUBO ) Q1 loss narrowed more than expected amid revenue growth, but the live-sports streaming company forecast double-digit percentage declines in sales and subscribers for the ongoing three-month period. Its shares dropped 18%.