Consumer stocks rose Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.2%.
In corporate news, Netflix (NFLX) shares rose 2.7% after Bloomberg reported the company is in talks with Major League Baseball about acquiring rights to stream the Home Run Derby.
Monster Beverage (MNST) shares jumped 6.3%, a day after the company recorded better-than-expected Q2 results with tariffs having an immaterial impact on operations.
Wendy's (WEN) lowered its full-year earnings and global systemwide sales outlook on Friday, even though the fast food chain recorded fiscal Q2 results above market expectations. Its shares added 0.7%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.