01:49 PM EST, 11/07/2025 (MT Newswires) -- Consumer stocks were mixed Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 1.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.5%.

In economic news, the University of Michigan's preliminary consumer sentiment index fell to 50.3 in November from 53.6 in October, below the 53.0 forecast in a survey compiled by Bloomberg.

In corporate news, Tesla (TSLA) shareholders voted in favor of Elon Musk's $1 trillion pay package, media outlets reported late Thursday. The proposal received 75% support among voting shares, according to CNBC. Tesla shares were falling 3.2% in recent trading.

Monster Beverage ( MNST ) shares jumped 5.5% after it recorded better-than-expected Q3 results, buoyed by robust demand for energy drinks.

Airbnb's ( ABNB ) Q3 earnings rose less than expected, while strong demand propelled revenue at the vacation rental company above Wall Street's estimates. Its shares were shedding 1.7%.

Wendy's (WEN) shares were down 1.4% even after the fast food chain recorded better-than-expected fiscal Q3 results.