Sector Update: Consumer

Consumer stocks were mixed late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.5%.

In corporate news, Sweetgreen SG shares surged 34% after the restaurant chain reported stronger-than-expected Q1 revenue late Thursday underpinned by comparable sales momentum that RBC Capital Markets said has continued into Q2.