02:00 PM EDT, 09/20/2024 (MT Newswires) -- Consumer stocks were mixed Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.3%.

In corporate news, FedEx ( FDX ) shares tumbled more than 13% after it reported a surprise decline late Thursday in fiscal Q1 adjusted earnings and revenue.

Nike ( NKE ) shares jumped 6% after the company said that John Donahoe will retire as chief executive next month, with former longtime company executive Elliott Hill returning to lead the company.

Lennar's ( LEN ) lower-than-expected fiscal Q3 gross margin on home sales and a downbeat outlook for the metric weighed on investor sentiment despite the homebuilder beating market estimates on earnings and revenue, according to analysts. Its shares dropped 4.2%.