Consumer stocks were mixed Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 1%.

In corporate news, Delta Air Lines (DAL) slashed its full-year earnings outlook on Friday amid elevated fuel costs, while the air carrier's Q3 results fell short of market estimates despite robust travel demand. Its shares fell 1.6%.