01:57 PM EDT, 06/06/2025 (MT Newswires) -- Consumer stocks were advancing Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 1.2%.

In corporate news, Manchester United ( MANU ) shares jumped past 15% after the British soccer club said it expects to hit the top end of its tightened full-year revenue guidance as its fiscal Q3 sales grew year over year.

Tesla (TSLA) shares rose 5.6%. Investors are monitoring a potential truce between President Donald Trump and Tesla Chief Executive Elon Musk following their public spat on social media on Thursday when the company's shares closed down 14%.

Lululemon Athletica ( LULU ) shares dropped 20% as the athletic apparel and footwear company slashed its full-year earnings outlook despite reporting better-than-expected fiscal Q1 results.

The rare-earth suppliers for Ford (F), General Motors ( GM ) and Stellantis ( STLA ) received temporary export licenses from China, Reuters reported Friday. Ford, GM and Stellantis ( STLA ) shares were up 1.6%, 0.7% and 1.9%, respectively.