01:49 PM EDT, 06/07/2024 (MT Newswires) -- Consumer stocks were mixed Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) fractionally higher.

In corporate news, GameStop ( GME ) on Friday reported lower fiscal Q1 sales on an annual basis amid the trading frenzy. Separately, Keith Gill, better known as "Roaring Kitty" on YouTube and X, showed his positions in the company during a YouTube livestream on Friday. He holds 5 million shares and 120,000 call options. GameStop ( GME ) shares were falling more than 37%.

Spirit Airlines ( SAVE ) isn't considering filing for bankruptcy and is instead working on repairing its balance sheet and modifying its business model, Chief Executive Ted Christie said Friday at the company's annual shareholder meeting, according to a Bloomberg report. Spirit shares were falling 2%.

Vail Resorts ( MTN ) shares tumbled more than 11% after JPMorgan downgraded the stock to underweight from neutral, a day after the company reported fiscal Q3 earnings and revenue that trailed estimates by analysts.