-- Consumer stocks were higher Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) climbing 3.3%.
In corporate news, Autoliv's (ALV) Q1 results exceeded Wall Street's estimates, while the Swedish automotive safety supplier affirmed its full-year outlook on Friday amid an uncertain business environment. Its shares jumped past 8%.
Netflix (NFLX) shares dropped more than 10% after it released Q2 guidance late Thursday below market consensus. The streaming company also said that its Chairman and Co-founder Reed Hastings plans to step down when his term ends in June.
Patrick Industries (PATK) is in talks to combine with rival LCI Industries (LCII), Bloomberg reported. Patrick shares climbed 5.3%, and LCI rose 2.5%.