financetom
Market
financetom
/
Market
/
Sector Update: Consumer Stocks Mixed Friday Afternoon
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Consumer Stocks Mixed Friday Afternoon
Aug 7, 2026 10:48 AM

01:31 PM EDT, 08/07/2026 (MT Newswires) -- Consumer stocks were mixed Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1.2%.

In corporate news, Airbnb's ( ABNB ) Q2 results topped Wall Street's estimates amid strong demand fueled by the FIFA World Cup. Its shares jumped past 14%.

Under Armour ( UAA ) lowered its full-year revenue outlook on Friday amid weak demand in North America and Asia Pacific, while the sportswear maker's fiscal Q1 sales fell short of market estimates. Its shares dropped past 5%.

Wendy's (WEN) Q2 earnings fell year over year amid weak traffic trends, while the fast-food chain withdrew its full-year outlook as a new leadership team pursues a turnaround plan. Wendy's shares were up 2.3%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved