03:46 PM EDT, 08/01/2025 (MT Newswires) -- Consumer stocks were mixed in late Friday afternoon trading, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 2.6%.

In corporate news, Newell Brands ( NWL ) shares tumbled past 15% after it issued a downbeat guidance for Q3 and lowered its full-year earnings outlook.

Walt Disney's ( DIS ) ESPN ( DIS ) reached an agreement with the NFL to acquire many of the league's top media holdings, including RedZone, in exchange for equity in the network that is potentially worth billions, The Athletic reported. Disney ( DIS ) shares were down 2.3%.

Tesla (TSLA) has been ordered by a jury to pay over $200 million in punitive damages in a ruling concerning a fatal 2019 accident linked to its Autopilot driver-assistance technology, the Associated Press and other outlets reported. Tesla shares retreated 1.7%.

Columbia Sportswear ( COLM ) shares fell past 13% after UBS Securities lowered its price target on the stock to $40 from $45 and affirmed its sell rating following "lackluster" Q2 results.