Consumer stocks were mixed Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 1.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.5%.

In economic news, the University of Michigan's preliminary consumer sentiment index fell to 50.3 in November from 53.6 in October, below the 53.0 forecast in a survey compiled by Bloomberg.

In corporate news, Tesla (TSLA) shareholders voted in favor of Elon Musk's $1 trillion pay package, media outlets reported late Thursday. The proposal received 75% support among voting shares, according to CNBC. Tesla shares were falling 3.2% in recent trading.

Monster Beverage (MNST) shares jumped 5.5% after it recorded better-than-expected Q3 results, buoyed by robust demand for energy drinks.

Airbnb's (ABNB) Q3 earnings rose less than expected, while strong demand propelled revenue at the vacation rental company above Wall Street's estimates. Its shares were shedding 1.7%.

Wendy's (WEN) shares were down 1.4% even after the fast food chain recorded better-than-expected fiscal Q3 results.