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Sector Update: Consumer Stocks Mixed Late Afternoon
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Sector Update: Consumer Stocks Mixed Late Afternoon
Aug 15, 2025 1:20 PM

03:46 PM EDT, 08/15/2025 (MT Newswires) -- Consumer stocks were mixed late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.4%.

In corporate news, Cleveland-Cliffs (CLF) has signed fixed-price contracts to supply steel to multiple US carmakers, including General Motors ( GM ) , for up to three years, Bloomberg reported. GM shares rose 0.2%.

Southwest Airlines ( LUV ) sold its renewable fuels unit Saffire Renewables to Conestoga Energy as the carrier scales back climate-related initiatives, the renewable fuels producer said Thursday. Southwest ( LUV ) shares added 2.8%.

Lyft ( LYFT ) shares climbed past 8%. The company said late Thursday that Chair Logan Green, also a co-founder, has stepped down, effective Aug. 14, marking the completion of a two-year transition plan.

Flowers Foods ( FLO ) lowered its full-year outlook on Friday as the packaged bakery food producer reported fiscal Q2 revenue below market expectations. Its shares fell 4.7%.

Beyond Meat ( BYND ) on Friday refuted reports that it filed for Chapter 11 bankruptcy, calling the claims "unequivocally false" in a post on social media platform X. Its shares were down 4.8%.

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