Sector Update: Consumer Stocks Decline Late Afternoon

03:52 PM EDT, 10/24/2025 (MT Newswires) -- Consumer stocks were lower late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) easing 0.3%.

The University of Michigan consumer sentiment index for October was revised down Friday to 53.6 from the 55.0 print in the preliminary estimate, compared with expectations for a smaller downward revision to 54.5 in a survey compiled by Bloomberg.

In corporate news, Ford Motor (F) shares jumped 12% after the carmaker reported better-than-expected Q3 results.

Deckers Outdoor (DECK) shares dropped 15% after it issued a full-year outlook below market estimates, even though it recorded an unexpected year-over-year increase in its fiscal Q2 earnings.

Procter & Gamble (PG) reported better-than-expected fiscal Q1 results on Friday amid forex and pricing tailwinds, while the firm reiterated its full-year outlook. Its shares rose 1.2%.

Grindr (GRND) has received a proposal from majority shareholders James Fu Bin Lu and George Raymond Zage III to buy all of the company's shares that they do not already own at $18 per share in a going-private deal. Grindr (GRND) shares gained 19%.

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