01:31 PM EDT, 07/31/2026 (MT Newswires) -- Consumer stocks were mixed Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 3.3%.

In corporate news, Newell Brands' ( NWL ) Q2 earnings unexpectedly rose year over year on the back of tariff refunds, while the consumer products manufacturer returned to revenue growth for the first time in more than four years. Its shares jumped past 14%.

T-Mobile US ( TMUS ) executives have informed Deutsche Telekom, its controlling shareholder, that they no longer support a proposed $300 billion merger between the two companies, Semafor reported. T-Mobile US ( TMUS ) shares were down 1.2%.

DoorDash ( DASH ) was asked by the chairmen of two US House Select Committees for "information and documents" regarding its evaluation and use of AI systems from China, CNBC reported, citing a letter it viewed. The two committees are conducting a joint investigation into the security ramifications of Chinese AI model use among US companies, the report said. DoorDash ( DASH ) shares were shedding 0.3%.