Sector Update: Consumer Stocks Fall Friday Afternoon

01:35 PM EDT, 09/04/2026 (MT Newswires) -- Consumer stocks were lower Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) dropping 1.5%. In corporate news, Lululemon Athletica (LULU) shares were falling past 17% after the athletic apparel retailer lowered its full-year outlook amid challenging market dynamics and continued pressure on the brand. Tesla (TSLA) Cybercab is under investigation over its process to claim compliance with federal vehicle safety standards, the National Highway Traffic Safety Administration said Thursday. Tesla began commercial use of a small number of Cybercabs in Austin, Texas, but the vehicles lack permanently attached conventional manual controls, the agency said. Tesla shares were down 6.3.%. American Outdoor Brands (AOUT) shares surged 43% after it swung to a profit and posted higher revenue for fiscal Q1 late Thursday.