Consumer stocks were mixed late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.4%.

In corporate news, Cleveland-Cliffs (CLF) has signed fixed-price contracts to supply steel to multiple US carmakers, including General Motors (GM), for up to three years, Bloomberg reported. GM shares rose 0.2%.

Southwest Airlines (LUV) sold its renewable fuels unit Saffire Renewables to Conestoga Energy as the carrier scales back climate-related initiatives, the renewable fuels producer said Thursday. Southwest shares added 2.8%.

Lyft (LYFT) shares climbed past 8%. The company said late Thursday that Chair Logan Green, also a co-founder, has stepped down, effective Aug. 14, marking the completion of a two-year transition plan.

Flowers Foods (FLO) lowered its full-year outlook on Friday as the packaged bakery food producer reported fiscal Q2 revenue below market expectations. Its shares fell 4.7%.

Beyond Meat (BYND) on Friday refuted reports that it filed for Chapter 11 bankruptcy, calling the claims "unequivocally false" in a post on social media platform X. Its shares were down 4.8%.