02:03 PM EDT, 03/14/2024 (MT Newswires) -- Consumer stocks fell Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.6%.

In corporate news, Fisker ( FSR ) shares plunged more than 53%. The company hired advisers to help prepare for a possible bankruptcy filing, the Wall Street Journal reported late Wednesday.

Dick's Sporting Goods (DKS) posted results above market estimates for its key holiday quarter, while the athletic goods retailer on Thursday issued an upbeat earnings outlook for the current fiscal year. Its shares jumped 14.7%.

Under Armour ( UAA ) tumbled 13% after the company appointed Kevin Plank as chief executive officer starting April 1 and analysts downgraded the stock.