01:45 PM EDT, 05/17/2024 (MT Newswires) -- Consumer stocks were mixed Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) decreasing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.2%.

In corporate news, GameStop ( GME ) shares tumbled 25% after reporting preliminary results that pointed to a sharp year-over-year decline in fiscal Q1 sales, while the video game retailer said it may sell up to 45 million of its class A shares.

Williams-Sonoma ( WSM ) is positioned for more upside than downside potential in fiscal Q1 as the home goods retailer likely gained market share despite industry headwinds, Wedbush said in a Friday note. Williams-Sonoma ( WSM ) shares were shedding 1.2%.

Tesla (TSLA) is seeking to build a data center in China to power its cars' self-driving capabilities, Reuters reported Friday. Tesla added 1.4%.