-- Consumer stocks fell Thursday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) each dropping 0.4%.
In corporate news, Shake Shack (SHAK) shares slumped 29% after the company's Q1 results missed Wall Street estimates.
Planet Fitness (PLNT) shares tumbled 32% after the company tempered its full-year outlook amid fewer-than-expected member additions in Q1.
McDonald's (MCD) reported better-than-expected Q1 results as comparable sales rebounded more than market estimates despite what the company described as a "challenging" environment. The shares eased 0.3%.