Consumer stocks were lower Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1%.

In corporate news, Walmart (WMT) issued a full-year earnings outlook below market estimates on Thursday, even though the retail giant reported better-than-expected fiscal Q4 results. Its shares were down 0.1%.