03:47 PM EDT, 07/19/2024 (MT Newswires) -- Consumer stocks fell late Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.7%.

In corporate news, Elliott Investment Management has built a large stake in Starbucks ( SBUX ) , and the activist shareholder has pushed the company privately on ways to enhance its stock price, The Wall Street Journal reported Friday. Starbucks ( SBUX ) shares jumped 6.3%.

Unilever ( UL ) started talks with interested parties on a potential sale of its ice cream business, worth as much as 15 billion British pounds ($19.37 billion), Bloomberg reported Friday. Unilever ( UL ) shares eased 0.2%.

Tesla (TSLA) halted some of its production lines Friday morning amid the global IT chaos triggered by Microsoft (MSFT) and CrowdStrike (CRWD) outages, Business Insider reported. Tesla shares fell 3.8%.

Wolverine World Wide ( WWW ) shares jumped almost 10% as UBS upgraded the stock to buy from neutral and raised its price target to $20 from $13.