01:46 PM EDT, 10/24/2025 (MT Newswires) -- Consumer stocks were mixed Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) increasing 0.1%.
US consumer sentiment dropped for a third consecutive month as concerns over high prices persisted, final survey results from the University of Michigan showed Friday. The main sentiment index slipped to 53.6 this month from 55.1 in September. The consensus was for a 54.5 reading in a Bloomberg poll.
In corporate news, Deckers Outdoor ( DECK ) shares dropped 12% after it issued a full-year outlook below market estimates, even though it recorded an unexpected year-over-year increase in its fiscal Q2 earnings.
Procter & Gamble ( PG ) reported better-than-expected fiscal Q1 results on Friday amid forex and pricing tailwinds, while the firm reiterated its full-year outlook. Its shares rose 1.3%.
Grindr ( GRND ) has received a proposal from majority shareholders James Fu Bin Lu and George Raymond Zage III to buy all of the company's shares that they do not already own at $18 per share in a going-private deal. Grindr ( GRND ) shares rose 22%.